Re: Emotion or Logic? That is the question - and Answer
posted on
Jun 04, 2008 04:25PM
Great investing insight - d12, put forward very cogently (or as they say, "put in a nutshell"). I've also followed the same advice. I quit my job of 12 years on Friday. I've got enough to take care of me for several months. I did this for several reasons, which I will not go into here, for brevity's sake. As for Noront, I've learned over the years that junior explorers, with ground already proved up, are the best investments. In the last couple of years, I've learned that the stock prices of these junior explorers get manipulated. But I've also learned that gold is gold, nickel is nickel, platinum is platinum -- and once a company proves up a certain quantity -- the price cannot be manipulated below a certain floor (or at least not for very long). That is because all the investors with any sense of fundamental valuation realize that with X number of ounces or tonnes of X type of metal in a deposit, that it is worth X dollars and no less, even under the worst scenario. Noront, as well as a host of other junior exploration and mining stocks should be worth considerably more than what is their present price. But a public campaign of disinformation by the banks and the treasury departments and other bureaucratic organizations of the U.S. and other nations have been believed by the mainstream investors (who had previously eagerly invested in junior exploration and mining stocks, based on their great record of gains over the last 4 or 5 years). They became frightened in general, with financial institutions and other companies going under because of -- well, I will not belabor this -- if you've been watching news and reading papers, obviously, the general economy is in trouble. The general investing public does not understand commodities, and especially the current state of depleted supply of precious and base metals. So, our stock price goes down with the rest of the market. But, when it becomes apparent that the governmental and banking and other mainstreams investment advice is duplicitous, and that there will remain a huge demand for commodities that must be paid for at much higher prices due to the devaluation of all currencies (not just the U.S. dollar), then our ship will have come in!!! Then, in a couple of months, the people who have bought and held onto their junior exploration and mining stocks will be all smiles and patting themselves on the back for their astute investments and perseverance in hanging on to those investments, while the rest of the world will be scrambling to get aboard the train of burgeoning prosperity before it leaves the station. But we will be riding first class - and you can take that to the bank. I am so confident of it, that I've already started to prepare for it by quitting my job. I am that confident. I cannot recommend this to others, as most people I know would die of a fit of worry when our stock price does not double in two weeks, and they have to wait 6 or 8 weeks for that to happen. But I can wait that long. -- DO YOUR OWN DUE DILIGENCE READERS. Looking pleasantly forward.