Re: When 43-101 delay = "Expand the mineralization zone"...... You have to love it!
posted on
Aug 12, 2009 02:46PM
The company is exploring for nickel deposits on its Langmuir property near Timmins, Ontario; for nickel-gold-copper on its Cleaver and Douglas properties; and for molybdenum and rare earth elements at recently acquired Desrosiers property.
Come on Vanchester - settle down. You did imply that the tripling of the travel expenditures was a bad thing, otherwise why would you follow up your 4 items of critique with the comment "By the looks of things maybe someone here should have gone to the AGM" ? Or did you mean one of us should have been there to congratulate Randy on those 4 items of progress? btw - I hope traveling expenses quadruple this quarter. Beerbelly is spot on in his eloquent as usual observations today IMO.
Its healthy to be critical in a constructive way. We all are from time to time. It separates us from the pumpers out there. However, you seem to be a little too healthy in that area IMO. It appears that you have had posts pulled for soft bashing - that does not surprise me. If you are going to criticize the company - then own up to it. If you can't source an opinion then use the IMO. I suggest that you reread your own post (titled: investing in mining companies)of July 9th that I have conveniently copied and pasted for you below. I suggest you follow your own advice.
Investing in mining companies is not for the faint hearted investor. All companies will test the patience of the investor to the nth degree and then some. What one has to realize is that mining companies move at a snail pace , much slower than your regular day-today dealings and thus patience becomes a strong virtue. My most recent investment, Lake Shore Gold, is finally showing signs of fruitation of late after at least 6 agonizing years of impatience and questioning if the company really had best intentions for me the shareholder. I remember the Golden Sceptre days (showing my age) of good drill results growing into incredible drill results which was followed by many years of frustration before it became better known as Hemlo. I have been through many scenarios where my patience has been tested but it all boiled down to one thing.... and that was I believed in my investment.
So all I can suggest to those showing signs of impatience and frustration is relax. If you truly believe your investment is safe and based on solid principals then there is no need to analyze every micro developement pertaining to the company. Walk away from watching it everyday it will do you a world of good. If you truly believe in your investment, there are no worries and no need to watch the daily fluctuations, reanalyze old news releases and such ......afterall you believe in the company. If you continue to watch on the micro scale you are only adding a catalyst that increases your impatience and frustration and thus raise doubts higher to the point you question whether you made the right investment decision. It's up to you how much torture and doubt you cast upon yourself.
v.