Wow!
posted on
Nov 14, 2012 06:33PM
(Edit this Message from the "Fast Facts" Section)
Pic, now you're sounding like I did a year ago. That's okay though.
What I have mentioned before is that I threw all caution aside re the red flags over PQ when I first got into SFMI in 2009...and turned a blind eye to the flashing lights. Yes, I read about his past and it seemed as though a lot of people had lost a lot of their investment dollars in his past public escapades...enough said. What I don't understand for the life of me is how, year after year, he was never seriously challenged at the annual shindig and beers on Woberton Mountain...'they say don't go to Woberton Moutain'. I believe that guy can charm a snake from all I know now...and comments made to me by those wo actually met and talked to him.
I still believe the motherload is there...but there have been a cast of thousands separated from their money now via lots of bullshit press releases, inept and ill informed, questionable and pigheaded management decisions, skulduggery, criminal trading activities and other 'misadventures'. But hey, it sucked me in for several years and I was a big cheerleader...so my bad too. Of course, to complement all this, the criminality in the trading markets was a perfect fit...complete with paid posters on the BBs, fly by night investors, NY crooks, counterfeit share sales and whatever else you can dream up.
I finally realized SFMI (and most other junior PMs ) were going nowhere until the Cartel was finished raping the PM stock markets...which has still not happened...but it will one day...now that there are virtually no buyers left. When? got me...but it has to be in the next year, doesn't it. Until then, we await the assays on the first sereis of drill results from the rich veins...which should be by?...I'm guessing March maybe...or June?...maybe earlier but after the way things have always dragged out, why earlier? But, don't forget that there are a lot of big, dirty pigs lined up to cash in before the shareholders ... and they will do anyting possible to screw them...and get away with it...our job is to figure out how and try to ride on their coat tails as despicable as that is. I'm letting the few hundred thousand shares I have ride for the long term.
The very least that can happen is for a take out of SFMI that advantages PQ and family...say 50 cents to $1...that should line their pockets nicely. I hope I' wrong, but at least most will get their original investment back and if fortune smiles upon us, much more. I told Ouri some time ago not to expect anything until at least the late fall...seems I was way off base...look for the Spring now.
As for gold and silver, today SLW is going down again...that tells me the boys are going to try to run the metals down soon. Let's hope they fail and get taken to the back of the barn, but not likely...they have billions in priinted dollars at their disposal.
PS: some time ago I mentioned a biotech stock to several posters here. I hope a few of you picked some up.