h_rattle ...
posted on
Apr 15, 2011 10:55AM
Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.
... I appreciate your posts everywhere I've come across them. You strike me as an astute investor, neither a pumper nor a basher, and I look forward to reading what you have to say about a number of investments we both seem to follow.
In my earlier days of investing, I suppose I would not want to hear contrary opinions that went against my own. The last time that happened, however, I over extended myself in KXL because I believed all the hype and refused to listen to anyone who raised warnings.
No more. I will listen to all reasonable voices. And you are certainly one of them. And that approach has saved me a number of times from jumping into something "big" that turned out rather poorly.
What I've heard you say here, recently, is that you sold PDG at a level you had set in your mind (30% gain, I believe). That had nothing to do with PDGs potential, but everything to do with your investment paradigm. No problem, and always a wise investment strategy.
Since then, you have indeed affirmed PDG, Maher, and the potential that exists. You still have your warrants (unless we are forced to sell, which may happen soon). Heck, you may even be a buyer again, as things continue to unfold.
Me - I have held. No question, it's a risk. It's exploration, after all. But I see Magino in a whole different light than anything in the B-G area. I'm cautiously optimistic that we will see an appreciation in our share price that will put a smile on my face, right up to the point where we begin production - or at least until the full feasibility less than a year from now.
And I'll enjoy the ride either way - and I'm happy you are still riding along too!