ot-Well what if you sold the pfd and put into this sector. You would have been worse off, although you would have suffered more slowly.
It's funny to be now agreeing with tby - that the disconnect is now in favor of the pfd. It's funny to reread some of my posts in early 2013 where I was one of the lonely voices advocating for the common at 25-30 cents. On the other hand, Joe Stocks was more right than I was in predicting the governments attitude.
As for the resource and gold sector most of these stocks have been totally decimated and taken out their lows from the dark days of November 2008.
While potash and uranium are much lower than their 2008 prices, gold and silver (mostly gold) are actually higher. Even better what about a major such as nem it's up only 150% from 1998 when gold was 250 per ounce.
Now of course there are plenty reasons (higher oil prices, cost over runs, bad management , really bad management, dilution, rising administrative costs etc, depressed investor sentiment etc. Of course things don't crash this bad with out plenty of reasons.
Back to u308, go look at their latest presentation. Now of course we are talking about uneconomic speculative resources in politically dicey areas -okay I get it. At 60 uranium the stock should be worth 1.7 and it's now 5 cents. I see no reason it's going to go up in tax-loss selling season -maybe down to 4,3 cents ? Don't bet the farm on this obviously -I don't see why it won't be worth a nibble in late December.
If you want to speculate why not potash instead of pot. Please remember the bears on krn are saying -investors don't control the cash and management will piss it away. Need for some consideration of shareholder value.
My crazy speculative strategy - sycrf, gse pfds, resources-much less!, golds much less!. one of these will move before the other gse's or sycrf -reallocate. If there is ever a bull market in some of these stocks, 1000% will be easy.
Stop second guessing yourself -however next time -You may have to think about paying uncle sam. It will probably will be easy next time when have a tax loss on uweff, krltf , atnaf , gss , vegyf , gixef, snrcf , usgif and my all other dogs and my name is mud. One more mega uranium is also getting interesting.
AI
