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curlews

04/07/09 5:23 PM

#13279 RE: cartonet #13278

BTO.to - I sold because gold was dropping, and I wanted to reduce my gold miner holdings. Of my 4 jr. gold miners (with SGR.v, AGT, GORO), BTO is the one with projects in parts of the world that make me a little nervous (Colombia, Nicaragua and Northeastern Russia), compared with Canada and Mexico.
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cl001

04/08/09 9:25 AM

#13294 RE: cartonet #13278

I sold out SMC because of liquidity issue, not fundamental. I owned over 400K of SMC at the peak. If you remember BTO.to was not liquid before they closed the SMC transaction. The worst nightmare for me is to have huge amount of money trapped in BTO pink if gold becomes weak in the summer.
There were very high volume when the votes were in, I used the opportunity to unload my rest of SMC. If I knew BTO will continue to be as liquid as it is now, I would have kept my SMC.
Well, These money went into other miners that had nice gains recently as well. So the money is still making more money for me.