posted on
Jan 25, 2008 07:55PM
Welcome To The Golden Minerals HUB On AGORACOM
Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.
Message: Re: Hey EDGY
I started with the stock market some 20 years ago but am recent to internet trading ( due to cost) and boards ( have little trust ).
When I first heard of ECU it's share price was in the 30 cent range. I asked for an opinion about it from someone that I thought knew way more. This person's reply was 'If pigs could fly' because of so called narrow veins.
I did not buy the stock then, but eventually did when it was in the 90 cent range. It went to over $2 and I started selling to the $3 range.,since then bought most back at lower prices from the sold ones. So I made money, but imagine how I feel had I followed my own instincts and bought earlier.
Long winded example but it shows to not put too much faith in so called 'experts'.
Some of the veins are narrow indeed. They have not put me off though because most are just right. Quantity of economical resource is the answer.
Another example that I repeat quite often:
Would you prefer a one foot wide vein with 1000 grams of silver per ton OR a 100 foot wide vein with 10 grams of silver per ton?
In the second vein you dig up way more ore and have to process more while with the first you just dig out enough material around it to get it all out and you do not have to process all what you dug out if you can sort out the ore from the rock.
The narrow vein issue is frequently brought forth by bashers, I'll say no more.
Darlene:
Read "Latisha's" posts at Stockhouse's ECU board regarding Blackmont.
Blackmont apparently is a big seller of ECU shares, probably shorting?
When I first heard of ECU it's share price was in the 30 cent range. I asked for an opinion about it from someone that I thought knew way more. This person's reply was 'If pigs could fly' because of so called narrow veins.
I did not buy the stock then, but eventually did when it was in the 90 cent range. It went to over $2 and I started selling to the $3 range.,since then bought most back at lower prices from the sold ones. So I made money, but imagine how I feel had I followed my own instincts and bought earlier.
Long winded example but it shows to not put too much faith in so called 'experts'.
Some of the veins are narrow indeed. They have not put me off though because most are just right. Quantity of economical resource is the answer.
Another example that I repeat quite often:
Would you prefer a one foot wide vein with 1000 grams of silver per ton OR a 100 foot wide vein with 10 grams of silver per ton?
In the second vein you dig up way more ore and have to process more while with the first you just dig out enough material around it to get it all out and you do not have to process all what you dug out if you can sort out the ore from the rock.
The narrow vein issue is frequently brought forth by bashers, I'll say no more.
Darlene:
Read "Latisha's" posts at Stockhouse's ECU board regarding Blackmont.
Blackmont apparently is a big seller of ECU shares, probably shorting?
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