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Re: Damnsammit post# 5816

Friday, 04/26/2013 3:52:26 PM

Friday, April 26, 2013 3:52:26 PM

Post# of 14330
>>I just don't understand why you are here, then.

For the last 10 years, I've only followed two types of companies - bankruptcies and miners, mostly gold and silver, but some met coal as well. GBG is both a miner and a bankruptcy obviously, so I have a great deal of interest in watching how this plays out. BK is very much about the process - so what you learn watching one you don't have to check at the door when you leave, which means it can be quite worthwhile to continue following even after you've given up on the equity. So that's why I follow GBG, and even to a lesser extent School Specialty, when I don't have a position (GBG is more interesting because it also has implications for the state of the gold mining industry right now). As for why I participate on the board - well board participation on any stock I find forces one to be more critical in their thinking (obviously, that is not something that everyone takes to heart - not looking at you but a few others who have now leapt to the conclusion we are not just in a JV with Waterton following a 363 auction, but also with Barrick - WOW is all that comes to mind). So here I am. I'll admit the last few days I've rather quite enjoyed the back and forth sparring, but it's not why I'm here.

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