Re: Going It Alone
posted on
Feb 20, 2008 07:31PM
The company whose shareholders were better than its management
Just a reminder of the last great gold find. Franco Nevada decided to go it alone in 1983 after they made a discovery and a $10,000 investment then was worth $1.7 million when they sold out in 1991. I didn't get all of it, but got a nice chunk.
If ARU is getting advice to go it alone maybe we should all be should think about the longer term potential of FDN and any sister deposits and not just be willing to take a quick buck IMO.
I love a quick buck but longer term a BIG buck is worth more. And besides, there aren't very many good other places to invest right now.
Trade Wizard.