Food For Thought Round 2
posted on
May 17, 2011 02:09PM
(Edit this Message from the "Fast Facts" Section)
I wrote this on the 25th of April:
"While I am fully invested here and have no thought's of selling anytime soon, I keep wondering what the possible reasons are for managements lack of timely information. Even though Bobby Joe's pictures are great and shows they are forging ahead with their growth plans, I keep getting the nagging feeling that they are disappointed with the yields they're getting from the old ore piles and are stalling on reporting the results. Of course, this is only a speculation on my part but I can't for the life of me understand their silence. Having said that, and if true, I think their fallback strategy is to get into the mountain as quickly as possible and start milling there own mined ore. Hopefully, they'll come out with more info sometime this week, but until that happens, we can only guess at the future".
I've always listened to what my gut is telling me.....it's kept me alive on more than one occasion. Today's price action is no surprise to me and I haven't changed my originally stated position. Someone who posts here had a great quote from J. Paul Getty which I've copied and pasted to my computer screen....I suggest that we all do it and read it often.
Getting rich over night just doesn't work. If it did, then everyone on the face of the earth would be millionaires. . . .Don't misunderstand me. It is possible to make money-and a great deal of money-in the stock market. But it can't be done overnight or by haphazard buying and selling. The big profits go to the intelligent, careful and patient investor, not to the reckless and overeager speculator." J. Paul Getty
And so we wait.......