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Apples and oranges. I am just trying

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TMLonggun   Monday, 10/06/14 02:52:18 AM
Re: stocktrader1 post# 19734
Post # of 22998 
Apples and oranges. I am just trying to call them as I see them. You obviously do not understand my position even though I have clearly stated it numerous times. The post you call negative is about as unbiased as you can get. I think you're looking for boogie men that don't exist. I am amazed I am accused of being negative on this board when I have repeatedly said the stock is likely worth $10 in the long term! A potential gain of a thousand percent is negative! If I said I believed lode was worth a hundred dollars a share would that be bearish? Only on this message board.

Quote:
You sure seem to have a lot of negative thoughts on lode. I seem to remember you being pretty bullish on lode in the past. I mean seriously?



My opinion is not locked in stone. Much like how the scientific method works if new information or facts come to light I consider them, evaluate them, and change my thinking if necessary. Being a perma-bear or a perma-bull will make you miss half of the moves.

If I could have a conversation with myself back in 2008 stating only select facts about lode it might sound something like this: "From six years in the future, October 2014: lode has raised over 50 million dollars, been producing for two years, and discovered nearly four million ounces of gold in that area so many were calling played out scrub land! They also made huge land, permit, and equipment increases and community advances etc"
My 2008 self would be ecstatic and jumping up and down, "So we are at over a dollar a share!?" I would probably ask my future self enthusiastically.
My future self would say, "Yes... it is a dollar a share indeed..." Before I cartwheeled to the bank I would have to stop my younger self, "Except there was a 200 for 1 reverse split, they printed a bunch of shares, and they mine every ounce at a loss meaning their discovery may not be economic at current prices."

I would be bewildered, embarrassed, ashamed, scared, depressed, and angry etc. (This is why people give the reactions they do on these boards. People aren't just betting money, they are betting their ego and pride. Stock investing has a lot to do with human behaviour and is incredibly emotionally charged. Even though the most successful investors tend to be completely detached and take advantage of the emotional herd instead of being a member, most people will never rule themselves.)

I used to be very bullish on lode and own a lot of shares. Due to what has happened the past few years my confidence and trust in management has decreased and so has my position. Based on share price action my belief is completely validated and the lode I sold between $1.75-$2 has been deployed to better use elsewhere. In three to five years I think lode's share price will be a lot higher because I believe gold and silver will be higher and it will function as an optionality play. With gold and silver currently broken down some miners may make new five year lows in the next few weeks, and lode might be among them. So in the short term lode will probably go down (IMO) and in the long term it is likely to go up. I also think that there are other stocks that offer better leverage to the gold price than lode because of the way CMI is structured.

Mex is an exploration play and is about 2 years into development. They have many faults and I have covered a lot of them.

Lode is a production company that has been mining for over two years without a profit after about 15-20 years of development and spending about a hundred million dollars.

Both projects are very different and have notable strengths and weaknesses. Like I said, it isn't all so black and white. There is no agenda. There is no message board conspiracy.

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