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Tuesday, December 02, 2008 1:26:24 PM
And on that same line of thought, they never forget a negative, but need to be reinforced regarding the positives on a daily basis.
Of course, all that we know about this company, or any pinkie for that matter, is gleaned from neo-dependable sources, sources that we have come to see as "unimpeachable." But the truth is that none of us have seen, read, or touched a single thing about this deal that has not been spoon fed to us by people we do not know, and in most cases have never met personally. That is the new norm for DD in today's internet age. The days of holding original reports and contracts in our hands, or even shaking hands with those who claim they are working on our behalf are over, for the most part. The new paradigm requires more faith than the Apostle Peter had to have to step out of the boat.
The fact is that even the claims about JJ, the property, the negotiations, the 150 MM Euros, 15% royalties, the 75 page JV agreement, the 10 page summary of the terms and conditions, the Chinese, the helicopters, the "world class" mineralization, etc. have all been confirmed via these sources. And many of us have bet the farm on these stocks based solely upon these "virtual" proofs.
We are living in a strange world, but it is here to stay. It is our new reality.
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