Monday, October 06, 2014 2:52:18 AM
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.
Recent LODE News
- Form 8-K - Current report • Edgar (US Regulatory) • 09/19/2024 10:15:33 AM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 09/19/2024 10:01:59 AM
- Comstock Updates on Business Commercialization, Investments and Real Estate Sales • GlobeNewswire Inc. • 09/19/2024 10:00:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/18/2024 03:16:50 PM
- Comstock Fuels Executes International License Agreement • GlobeNewswire Inc. • 09/18/2024 03:10:14 PM
- Comstock Metals Secures New and Larger Revenue Contracts • GlobeNewswire Inc. • 09/17/2024 10:00:00 AM
- Comstock Metals Secures Multiple New Revenue Contracts • GlobeNewswire Inc. • 09/10/2024 10:00:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/03/2024 05:01:23 PM
- Comstock Metals Records First Renewable Metal Shipments and Sales • GlobeNewswire Inc. • 08/20/2024 10:00:00 AM
- Comstock Validates Record Renewable Fuel Yields • GlobeNewswire Inc. • 08/15/2024 12:33:24 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/14/2024 09:05:01 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/08/2024 08:30:45 PM
- Comstock Announces Second Quarter 2024 Results and Corporate Updates • GlobeNewswire Inc. • 08/08/2024 08:15:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/08/2024 08:02:15 PM
- Comstock Secures $325 Million Term Sheet for Investments and Real Estate Sales • GlobeNewswire Inc. • 08/08/2024 01:15:00 PM
- Comstock Inc. to Host Q2 Earnings Call on August 8, 2024, at 4:30pm ET • GlobeNewswire Inc. • 07/25/2024 08:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/19/2024 10:15:23 AM
- Form D - Notice of Exempt Offering of Securities • Edgar (US Regulatory) • 07/19/2024 10:05:29 AM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 07/19/2024 10:01:58 AM
- Comstock Terminates Equity Purchase Agreement with New $2.5 Million Investment • GlobeNewswire Inc. • 07/19/2024 10:00:00 AM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 07/18/2024 08:21:14 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/17/2024 08:16:26 PM
- Comstock Inc. Publishes its 2Q24 Stakeholder Perception Analysis Report • GlobeNewswire Inc. • 07/17/2024 10:00:00 AM
- Comstock Metals Secures First Industry-Scale Facility for Recycling Expansion • GlobeNewswire Inc. • 07/15/2024 10:00:00 AM
- Comstock Metals Receives County Operating and Storage Permit for Recycling Expansion • GlobeNewswire Inc. • 06/24/2024 10:00:00 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM