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Message: Re: Sprott

Oct 03, 2013 02:59PM
3
Oct 04, 2013 10:18AM
1
Oct 04, 2013 10:31AM

http://bullmarketthinking.com/rick-rule-leveraged-gold-longs-are-heading-to-the-sidelines-in-fear-of-an-october-financial-panic/

but his next paragraph was:

In terms of what investors need to keep in mind in successfully pursuing those types of returns, Rick indicated that, “[What] people (particularly in the juniors) need to remember is that it’s all about leadership and it’s all about people. Mines are made and you have some people who I regard as “A” players who are consistently successful and to be consistently successful as a speculator, what you need to remember is that you need to buy aggressively the best of the best of people during the worst of the worst of times…”

“If you do that one thing—which is awfully goddamn hard,” Rick concluded, “you will do very, very well.”

So Sprott bought in at $.125 because they think our Management is so great at building a mine? Or because as he said last week in his internet conference call seminar because it was trading a 2.5% of its' high of $5.00. Sounds more like a opportunistic sure bet to me. As long as they support the price and move it higher !

GLTA

2
Oct 10, 2013 10:15AM
1
Oct 11, 2013 01:12AM
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