Re: JDM-Also cjr
in response to
by
posted on
Jan 09, 2011 10:41AM
New Discovery Resulting in a 20KM Mineralized Gold Belt
"i'm wondering exactly how long dwek is obligated not to buy shares?"
I am of the understanding that he is obligated to not buy or sell shares until the information that he is aware of (the insider information) is made public. This may or may not be a rule for any shares that he purchased prior to his getting that information, but Hoov would know more about that.
I am also not happy with the withholding of assays. "If" I had only known that this would be the case, especially after Frank's statement of assays coming out regularly, I would have sold my position and bought in much lower, thus becoming a "trader" like Twilight. I haven't sold any shares and am waiting for the assays to come out like most here. I am also going to be waiting for the 43-101 that will be coming out this year (provided they can get assays back quicker) and making any major decisions after that information is presented. I am a lousy trader but let's just hope that I make a much better investor.
JDM, love him or hate him, that depends on which company you have been invested in at the same time he is invested. Remember one most important fact, Joe is an investor who is in the market to MAKE money, not lose it. If he is comfortable enough to be invested in this company at this level, it is my opinion that we shall be making money in the next year or two. Anyone who says he is invested here to simply manipulate the share price for fun and that will lose him money is full of bananas upstairs, literally. If that is his game, he would not have any money to invest now, would he?
Enough talk of Joe Dwek, late assays and that b.s. article wrote in regards to GNH being a pump and dump. Pump and dumps do not continue to spend money trying to prove up a resource. That would be counter productive now, wouldn't it? If they are a pump and dump, then they would have "moved their investor's money" over somewhere where they could use it for their own ends. This has not happened. If it has, then they are the worst pumpers and dumpers on the planet. They keep on spending that money on drilling, upgrading their facilities and assaying. Hmmm, that is more like a legitimate company than a pump and dumper. Unless they are paying double the going rate for the assays and getting kickbacks, then I would call b.s. on any statements of this being a pump and dump. That is the only way they could be making money as a pump and dumper. Everything else is accounted for.
This is a REAL company with a REAL asset which they are trying to prove up. You can spin it any way you want to but the fact remains that the drills are still turning (starting on the 11th, and lets just hope it is 2 or even 3). I was told many years ago by a very good investor that the only time to worry about a company is when the drills stop turning. Unless, of course, there is an offer on the table...
Just Dreamin'