Re: Nobody wants to see a bumpy ride more than Carry
in response to
by
posted on
Sep 12, 2010 11:53AM
New Discovery Resulting in a 20KM Mineralized Gold Belt
Skier, with all due respect, I think you are too close to this thing and making things too personal too often. You have many many contributions here and on SH and raised awareness of our company to new investors and for that I say thank you.
However, there is no evidence what so ever that Positive Carry is day trading. To be honest with you, I do not know for sure that he is not but from my assessment of the man behind avatar, he is a knowledgeable investor who takes a very balanced approached to investing and I respect him for that and strongly believe that he is not day trading. I am very invested in GNH and have very high hopes for our company but I have learned thru NOT and others to temper my enthusiam by looking for the negatives. This is not bashing, this is smart investing. It is too easy to get carried away reading these forums sometimes and lose our perspective. Doing research like crunching numbers and finding out that if management is right, we are looking at a current value of $10 per ounce in the ground gives me comfort but it does not mean that I stop looking at the challenges ahead.
GNH will need money and need it soon. It means dilution for us. This will happen and everyone needs to know it is coming. Are we going to get a PP at 60 cents or $1.00 or more is a good question but dilution we will have. How that affects our value per share needs to be considered by those serious about protecting their money. Frank Candido would be a fool to let us sink to nothing in the bank and put us in a desperate position-and from everything I have seen, he is no fool at all. He needs to protect the company-his company. A small PP at 60 cents for 2M dollars would give us mild dilution while protecting us and I would be happy to participate in such a PP as would many others here I assume. The market would see this as a positive as well because management is able to keep raising money at higher and higher share price. In the last year, we did 7 cents, 12 cent and then 18 cents. If the next PP is at 60 cents, that is a sign of a healthy company. We also never know what can happen with factors we do not control like the PoG or available liquidity. If we get another big bank collapse and credit dries up like 2 years ago, we would be in deep trouble with only 7 months worth of cash no matter how many ounces we have in the ground. Please try to understand that these are all realities/possibilities and not me bashing my no#1 investment.
Making personal accusation on these forums is not helpful to anyone and creates an atmosphere where posters will hesitate to contribute to our forum. We have very good hub leaders that will step in if need be to defend the companies and I and others would never let undeserved negative comments go unchallenged.
Please try to be more diplomatic in your approach and enjoy the ride, we all deserve it.
Glorieux