noiprocs mmerd others, page-53

  1. 24,386 Posts.
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    Khaliqs,

    Thanks for the support. I should have done what I was preaching because of my previous lessons that I have learnt over many years of investing, but I didn't.

    The reason I didn't, was because, as I wrote in another post, was that at the very minimum we were going to get a 30mt of measured resource at around 2 or 2.5% copper. Taking that in full consideration, I worked out that the sp at the time was a real projectd amount of it's value and that as such I wasn't going to be suffering any drops in the sp. I, along with Seedyewe, said that if the shares were to reach the $10, I, more than likely I would have sold. Unless we were mining at the time.

    That amount of JORC in the form of a "MEASURED RESOURCE" was stated on these threads a few times by posters, and was also verified, I belive, by WM himself with the announcement that we were going to mine for 10 years at 3mt per annum and at that level of copper percentage.

    Never did I expected what we have got and been dished out instead. As such I held for the simpe reason that we were going mining and looking forward for the long term divvies.

    What this all misleading.?? Of course it was. Was it all intentional.? I belive so.

    As I said my paper losses are big, very big I may add, (consider the amount of shares I own and you can work it out) but I am also lucky that I made some very big profits with the Takeovers of PES and AOE.

    Good luck mate, and thanks again.

    Buddy
 
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