Clinteroo,

Sorry that I can't agree with you on this one. All we really know at this point is that the timing of those purchases could have been better. You must remember that almost all juniors are down right now but that doesn't make them all bad investments.

The key word here is investment.Consider a realestate developer.They put up a lot of money to build lets say an office tower.They must endure losing money on interest payments for the period while the tower is being built instead of leaving their money in the bank. There is also no guarantee that the economy is such that when finished they will be able to fill it and make a profit.

What these developers did was study the situation ( dd ) and decide to make an investment that they felt stood a very good chance of making them money, and they were willing to lose money in the short term and wait for their investment to work out.

Some very smart people with inside information have done the same thing here. You are right in as far as there are no guarantees but for those who take the calcalated risk rewards can be great Rico