Re: Insider investment
in response to
by
posted on
Jun 27, 2013 07:11PM
CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)
On the other side it shows some very poor investment desisions by those we trust to increase shareholder value. Now before some jump all over me, just think of it for a minute. They purshased at $1.00 and above and we are currently trading at .59 cents. Any way you look at it, it was very poor investment desisions. I understand that its all unrealised gains or losses until you actually sell, but it was still a very poor investment.
This is just plain wrong thinking and poor investing philosophy.
You buy something for $1. You sell it for $2 or $3 or $4. Now, does it somehow make it any worse of an investment if during the time you bought it, it went to 1 cent or if it steadily went to $5 increasing a penny everyday? Assuming it happens over the same time frame, no it doesn't. I mean, sure - if you got in at 1 cent in one scenario - you'd be laughing - but it doesn't make your decision at $1 any worse.
If you buy something at a value proposition, just because it has a better value proposition later - doesn't mean you got a bad deal. If you bought a shirt or a car at 50% off, and it's later 75% off - it doesn't make the 50% off deal a "bad deal". Just human nature to see "what could have been" even if what what you had was good.