Re: Green belt area plays - Wildcat WEL-X
in response to
by
posted on
Sep 12, 2009 04:25PM
Focused on the Rice Lake Gold Belt
Great stuff T7, of course many of the veterans like me are already aware of all the history. I think this is why I will make any investments that I might feel inclined to make based on DD and facts rather than ambiguous statements and opinions such as those of Mr. Moriarty. One would wonder who conducted the survey to find out how many market neighs and yeighs we have at this time. I agree somewhat with his opinion that the market might be over bought, however I chose to sell everything else except the Gold. My decision based on my readings and opinion. I have noticed on the board a few long time San holders have suggested that they have lightened up a little on their position in SGR. If I had been in SGR since $.50 I would be looking at taking a little of the 500% gain and shopping the Greens for more leverage as well.
IMHO SGR is the Rice Lake play you would buy and hold for long term and I have found that I feel quit comfortable having it in my Co, Pension, you simply need to filter out the daily noise. Again in my humble opinion anyone of these juniors could potentially be the next 500% gain. After reading traps post it is becomming more apparent to me that the Rice Lake area was WEL on it's way in 2005 as the next Red Lake, IMHO fortunately for me that was stalled by a financial crisis unprecedented in my lifetime. The elevator returned to the ground floor to pick up a few that got left behind.