Empassioned exchanges
posted on
Sep 19, 2010 01:06PM
Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.
Went to Mexico just before the big press release so coming back, it took a while to go through all the updating submissions.
Couple of comments. I see Red 911 as enthusiastic rather than a "pumper". Those who are regular followers of this board might remember that he too was close to the breaking point a while back seeing not much in the way of progress. A "little joy" when things seem to go better is not that out of place in my view.
I am not too worried about the slight pullback at weeks end. My recent experience is that people are nervous about being in the market over the weekend when some major developement in the far East can have disastrous implications once the North American markets finally open.
The Toronto Investment Conference BIG ANNOUNCEMENT seems to the most often over hyped prediction that comes to this board. For those of you not from Canada we have a saying that Toronto sees itself as the center of the Universe when "it just ain't so". Such an announcement in my view would be more coincidence than intended result.
I have viewed with interest the candid disclosure by some participants about their "break-even" levels being sometimes in the multiple dollar range. Having knowledge of that I can better appreciate their lack of excitement when an almost 100 percent gain sees us still mid .30's. It becomes apparent that we have the full spectrum here with those that entered during the $4.00 to 5.00 range and those of us who are currently in the black. In that context I can certainly appreciate the disparate interpretations of the same news release.
Lets hope that as a general trend the next two weeks are as positive as the last two weeks.
Onward and Upward.