At differing points of time each are going to have strengths and weaknesses. As investors or those that are reading along and trying to learn, we need to realise/learn what those strengths and weaknesses are.
We can calculate performance given two points in time and continue changing the winners and losers based on those two points. At the end of the day events are going to happen and an oscillation in performance is going to happen. Diversification is key. If someone follows my posts they will think I am a 100% GXY holder and hold no other stocks, but in reality I am very diversified, and that is important to moving forward. I am just addicted to this stock forum for some reason.
I have no arguments to make with your calculations as I am not going to actually check them because my holdings will remain as is. I am sure they will be of benefit to some others.
When I started accumulating, GXY was the best bet because it had the money in the bank. When the shorters go to town and the sectors is on the nose a company with money in the bank can't go bankrupt. Ask A40 and AJM holders about that. So on the down I accumulated primarily in GXY with smaller hits to PLS, but always liked PLS growth opportunities. However, when the bottom hit and PLS refinanced and was set to take AJM, the risk in PLS subsided and I started pouring heavily into the company. With risk off the table, I have also started buying some of the juniors.
When it comes to GXY and PLS my purchases are done and now I am in set and forget mode aware of different trajectories of the two companies. Why would I buy now when I purchased buckets of GXY under $1 and PLS under 40c? I did my research, purchased when others are fearful and now playing the long game. Every trade is in green, I am not complaining as there will be lots of ups and downs to go in the next 5 to 10 years, but both will be successful.
Just to clarify some points:
- all it takes is a stronger storm, flood event, earth quake, fire or some other act of god. Who knows, diversification is good. Always feel nervous of what is to come, nobody knows.
- The acquiring another company if you read the context was in 10+ years when JB and SDV where in full production and Mt C was empty. 10 years time probably the entire board will be different and we probably would have changed 2 CEO's by then. Who knows, if they are as cashed up as I believe they would be they might even become a diversified miner.
- Yes, if you check my history I have suggested a combined PLS/GXY would be an incredible strong and well positioned company and I would be very supportive of that. Not going to happen though.
While I am at it, hats off to
@Darkstone for continuing to read the charts like as if he is drawing them himself. That skill deserves for you to be a rich rich man.
Glad to see the price slowly get higher. $3.50 around the corner. However, buys today ($2.90) will make 20% ish. Those that purchased sub $1 will be making 60%ish (on the original investment) in that same price rise. Damn this is a bad stock to hold! LOL (sarcasm). To those reading doing your on research papers off.
