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drkazmd65

07/27/17 11:14 AM

#453 RE: Ranza #452

Short answer to your short question Ranza - To date, no I have not made any money on this company's stock.

Longer answer to your short question Ranza - I did not anticipate making any money on this stock until sometime after they actually got the mine in Idaho operational and started generating some revenue from that Cobalt deposit.

In that regard - the last couple of years have been 'dead money' here. But with the price of Cobalt rising steadily, and some more of the mine feasibility studies done - I think that waiting period is coming to an end for us.

Because I don't trade in and out (and the volume here most times is pitifully low - which makes trading it problematic anyway), and because I have a long-term outlook to see and ROI - I'm not disappointed yet.

The shares I have bought relatively recently I could actually sell for a profit at this point. However, I have held shares for many years (some very underwater shares I still hold date from when the company was called Formation Capital c2009) and if I sold those now it would be for considerable loss.

I do 'expect' to make some money here, but probably (again) not until the mine is operational.