Wednesday, June 03, 2020 2:19:45 PM
I am not the high risk taker I was 60 years. I actually stil have teh firrst gold stock I bought in 1964 At the time it was Madsen Red Lake Gold now it is McChip Resources and they are in oil. That crashed with the oil. I have always held it aand it paid a div. I like dividends. Thats why I hold mta, cmcl or and auy.
I picked up cmcl when it was .10 now $16-$17.
back in the late 50's early 60's I bid on federal and state oil leases in Wyoming picked up a few.
Last Oct. a group made me an offer on one with 1 priducing well which I had not been to fond of as it often had to be reworked. So I sold it. In January I was negotiating a lease on another properaty I hold in fee title on only mineral rights. not a fed or sstate lease . The oil price colapsed and that deal fell apart.
i was in real estate most of my adult life. Did some exchanges. IIn one took commission in partneship on a permanently pattened silver mine in Colorado. I have 40% one has 40% another 20%. For years its been doing a great job of holding the rest of the world together.
So I have had a fair share of experience in nataural resources My main income now is social security
and farm rents. Every few years do a timber sale. Plant trees almost every year. GGraand kids enjoy that for a little while then its time to hike or take rides in the woods and go into the river that crosses one of the farms.
Probable telling more than I should and more than you care to know.
One last item. I think the government is pushing for electric vehicals. USPO is to update new delivery trucks to electric. They say must be built in USA and may give contracts to 4 companies. I took a small possition in wkhs which is also developing delivery drones. Year ago I leaned not to over do it in these types. The army was looking for protection vehicals. There was a company Force Protection which had a few and theirs where showing to be better than those of Oskos. SO I went in big. Turns out the generals all had money in Oskosh which got the entire contract. I was even in on margin. Learned never do margin again.
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