Simple !! As I've said before, I'm here to show the negative side of Otc to new investors and this I will continue to do until I can see some change in direction from the bod that shows me otherwise.The Andiamo deal is one, but not enough to warrant the value of the company to increase by millions.The bod will eventually shelf Kremnica as drill results come in from Andiamo, which in my view will be the right thing to do, but funds will be needed and for that reason, I advise not to touch Otc as a long term investment.Those that can trade it right, will make money as the sp is pushed higher pre a fund raising (dilution of shares )and possible consolation as we already have a lot at 2.3 billion...
This will be my first and last reply to you, because your summing up is so stupid it warranted a reply.
The simple flaw in you post is the fact that I sold at more than double the recent lows and even now if I wished to invest the funds I withdrew, j could nearly buy double my previous holding for the same money.So the simple reason I choose not to reinvest here is because this company has no future until it raises more funds and follows a different investment route.
How right you are Devoto. If you are wrong then he must have a crystal ball.
Pyschology in investing is quite fascinating. Like SPOT I also bought at the wrong price but the compay is o way to blame for that. It was overbought before and now it is oversold. The fundamental plan has not changed. The prospects are improving. Very few people seem to have patiece and conviction and base all their veiws on the prevailing share price, good or bad.
. The OTC story was good before, but was overpriced. It is better now but is underpriced. To say OTC will never mine an oz of gold is equally foolish as thinking it definitely will.
The reason spot is so negative is quite simple. He sold at a loss a while back. When these investors see the sp going back up, they get annoyed and frustrated that perhaps they made the wrong decision. Therefore, they have to convince themselves they were right by repeating their negativity over and over again. It is only natural to take a dislike against a company that you believe are responsible for losing you money. Accept your loss and move on is my advice. No-one here wants to listen to your personal woes.
Yes I know it should of been smiley but typed it in wrong!... oh well, I guess I can hide behind a horrible BB name, without anyone thinking any good in what I type :) so I fumble along, but do get a feeling AIM is having a lot of confidence return. All my stocks have turned north, long way from seeing green on my screens but each day keep getting losses back. gl with your investment
You never knowingly make a wrong decision slimey (except for choice of nickname perhaps ;) ). We all learn through experience and I had a similar one to you with OTC buying in at 1.30. I averaged down just in time to catch the latest upsurge in share price. Still underwater but the surface is in sight.
I am not convinced by some of the wild sp predictions on here but neither am I convinced by the predictions of doom. Everyone has an agenda on here. I think commodity stocks have been hit hard, especially on AIM. IMO we are starting to see a return to more sensible stock valuations. OTC has been oversold and I think we will see .5 next week.
You can never say never!...IMO, but wish you all the best, got to think though that the prospects have improved even if Kremenca isn't going to work soon.... but may do later on. Had to do something with the money in the bank, at least they have and I support the short term future as hopefully being very god, staggered by the volume and interest of late.
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