RE: Who is right?13 Sep 2020 09:20
I am a little dismayed at most of the threads atm! This all begins to look like a feeding frenzy for traders and those that are trying to 'game' a short term movement. Not really my thing, but there are long term positives in being included in this fund. The higher visibility, the likelyhood of other funds/IIs taking an interest, It gives us credibility and it will enable better broker notes (they can use even lower risk factors now and an better value all, breccia included, gold in the ground).
For me, I stick to the fundamentals and am looking forward to long term growth, the short term spikes can wash past. I am unconcerned whichever way the price goes next week, my horizon is not that close, and quite frankly I have more real things to tree over!
We have gold in the ground.
The latest update was a doozy.
NCM continue to drill the eff out of Hav.
We have a mining lease in place (massive news, we can actually dig the stuff out - big risk destroyer).
MRE promised in Q4.
Drilling on our 100% targets.
Scallywag drill results expected soon.
Covid 2nd wave is showing signs of being real - more printing of cash = better price of gold.
We have good grades of copper too.
And much, much more.
To my mind, next week will be a passing blip (whichever way it goes). I will continue, and add if I can, right throughout this and next year. Most likely I will keep a strong holding for at least a 5 year horizon too.
Good luck to the traders and any short term plays - I do hope you guess right!