Ann: Drill results confirm DSO at Bonnie East Dep, page-19

re: Ann: BCI: Drill results confirm DSO at Bo... We're all focusing on the future kray ... but time frames are different it seems. Some of what I write below might grate with some people, however look past the emotion, and bear with me for a bit.

Some here see 1 year as long term. It is not. One writer mentioned how he was new at the beginning of 2011, but now experienced. Really? IMO one year has never given anyone (even me) what I would call a broad experience. In truth, after my first year of investing I thought the same way so I guess can relate.

I am shorting based what is to come in 2012, please don't tell me about 2020

Up to 2020 you might make 20 trades and made between 2% and 5% on each on every single one. Well done, I have no issues with that. I might hold the entire time, the ups and downs, the emotion over Europe, some year or 2 when China growth falls to heaven forbid 7% and the media goes ballistic over how China has stalled (it will happen), and hold still a stock worth $15 in 2020. Was I right or wrong? Were you right or wrong?

What I'm getting at is that we can co-exist and all make money.

Something I find interesting, and maybe my thoughts are inappropriate for this site, is that the shorts seem to be in for a very limited period. The odd short has been pleased with their 1% or 3% gain over a week or 3 (and apart from ispicer rarely mention their loses). The longs have a vision as to what a business will achieve in the medium to long term - and what this will be worth.

I don't judge my investment decision purely by the value of the stock on any given day. I look at why I invested, where the company stands relating to that, and if the basis for my decision has changed or not.

The fact is, I realise that a stock might be the best one in the world, in the worst market that has ever existed. And it will be down. OR, I might have the biggest dog, in a massive bull market, and make a fortune.

What am I saying? Simply that the market is bigger than me, so I can't determine how the market will price something. However, I can look at the company itself, and decide that (a) it is sound, (b) it should be even better in the future, and (c) it appears good value to me based on the value I place on it.

Now the grating part: the shorts I have seen on hotcopper all have a short term outlook - there is rarely an intention to hold the short for a few months to years (days to weeks seems the max). To me that is speculative (even if based on charts or whatever). Not like the true high conviction shorts - say, Platinum - who might hold a position for months or at times a year or more - and have a true macro picture of what a business, currency, or whatever should be valued at.

Just my thoughts.

MJS