Monday, September 01, 2014 5:40:00 AM
What gets lost in translation is, that's what a public company does when it has no income but still needs to purchase equipment, fund exploration, bring projects to fruition, and NBRI stuff like that... I don't know where else the money is supposed to come from. Nobody is giving that stuff away.
The trick to purchasing near term producers like NBRI is to catch them at the last stage prior to production. Of course they have had to dilute to get there. That's the game. It took money to get there, but it doesn't have to be my money. That's why a guy has to be strategic about it.
The lack of strategic plan has put the stench of disappointment on many an over bloomed rose.
That disappointment stems from not understanding how the mining business works and or not having a viable strategic plan.
CEO Leopold isn't an ASS because I didn't know what I was doing. I was the ASS that didn't know what I was doing.
By the same token, CEO Leopold isn't the ass because I didn't have a strategic plan. I was the ass because I didn't have a strategic plan.
It would be a lot easier for me to avoid taking personal responsibility for not understanding the business and not having a strategic plan if I could just blame it all on CEO Leopold. That's the easy way out, and just about guarantees I won't learn anything from the experience.
.................................... MINING & METALS Board http://investorshub.advfn.com/~*~Mining-and-Metals~*~-15977/
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