Our rock is far from valueless, just not accessible at this time. It is like a locked in term deposit.
It would help us not to state value in oil equivalent. It could even hurt us.
In gold equivalent?, Perhaps. But the vast majority of investors are wise enough to see the worth and do the comparisons on their own.
I have shares is a gold mine that started operating and it's sp is now lower that it was a while back when gold price was only $1200. So stating in gold equivalents may not help either.
And have we not heard - 'Wait til next month' or next quarter, before? I think I have for close to two years. Also not so much summer is coming but MAY - 'Some say Sell in May and go Away.'
Perhaps that is what is happening with us now.
THe sellers are probably mostly those that financed us at $1.25 and the sp that we are reaching for the second? time is the tax break level, i.e. $1.25 - 0.50(40%) = 0.75, while there are some profits left.
They are selling because they do not want to wait longer and are switching to quicker ventures.
For what ever reasons, I am still holding ( sold only 500 from my peak hold and bought back many times over) and being patient. Ed.
