Welcome To The Inspiration Mining HUB On AGORACOM

The company is exploring for nickel deposits on its Langmuir property near Timmins, Ontario; for nickel-gold-copper on its Cleaver and Douglas properties; and for molybdenum and rare earth elements at recently acquired Desrosiers property.

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Message: investing in mining companies

investing in mining companies

posted on Jul 09, 2009 10:29PM

Investing in mining companies is not for the faint hearted investor. All companies will test the patience of the investor to the nth degree and then some. What one has to realize is that mining companies move at a snail pace , much slower than your regular day-today dealings and thus patience becomes a strong virtue. My most recent investment, Lake Shore Gold, is finally showing signs of fruitation of late after at least 6 agonizing years of impatience and questioning if the company really had best intentions for me the shareholder. I remember the Golden Sceptre days (showing my age) of good drill results growing into incredible drill results which was followed by many years of frustration before it became better known as Hemlo. I have been through many scenarios where my patience has been tested but it all boiled down to one thing.... and that was I believed in my investment.

So all I can suggest to those showing signs of impatience and frustration is relax. If you truly believe your investment is safe and based on solid principals then there is no need to analyze every micro developement pertaining to the company. Walk away from watching it everyday it will do you a world of good. If you truly believe in your investment, there are no worries and no need to watch the daily fluctuations, reanalyze old news releases and such ......afterall you believe in the company. If you continue to watch on the micro scale you are only adding a catalyst that increases your impatience and frustration and thus raise doubts higher to the point you question whether you made the right investment decision. It's up to you how much torture and doubt you cast upon yourself.

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Jul 10, 2009 05:12AM
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