Re: Would YOU invest in Ecuador again?
in response to
by
posted on
May 28, 2008 08:18AM
The company whose shareholders were better than its management
1. NEVER.
If you have at least 13.9 million oz. of gold and you managed to kill the share price to just around $4, that takes some doing. I can do without that daily aggravation plus the substantial investment loss I am sitting onright now.
Funny thing, I thought that I could get a five or six fold investment return by investing in gold. Guess what coal is a much better investment than gold in the last while. A friend shown me the returns on two coal mining companies Western Canadian Coal "WTN" (from $1 to $7 in about 6 months) and Grande Cachae Coal "GCE" (from $1 to $8 in about 4 months). Saying both companies' SPs have skyrocketed in the last few months is an understatement. Meanwhile the gold stocks in general are just spinning their wheels during the same period.
Never mind ARU that's a real totally different tragedy on what we have to endure. Next time I'll just ask for a lump of coal for Christmas.