I've Owned this Stock Since 1999 and I've had a Few SMALL gains and More and LARGER LOSS's !!
I've gone from a .22 cent distribution down to .o4 or 5 whole cents. Whooopee and there's people in this room who feel good about it. Give this company time and they'll screw it up again, they haven't surprised me YET ...
what did you buy it at ?
how much in dividends have you gotten over these 15 years ?
.22 cents a month, for years, plus an occasional capital gains distribution, that all adds up.
i bet you are ahead, even with the big price drop. way ahead
With lindberg production less than a year away, and over a year of accomplishment after accomplishment under current management, its hard to believe you'd all of a sudden panic after waiting 15 years.
By the way, I'm not glad Flaherty is gone, but the guy did lie.
"you can keep your Canadian oil trusts, period"
I bought mine in 2004 and it's a heartbreak watching it happen. BTW, Jim Flaherty kicked the bucket yesterday. He's the Canadian pirate who single-handedly killed the goose that laid the golden eggs, ruining the CANROYS and screwing the investors, mostly fellow Canadians. I am NOT sorry to see him go, he's cost me THOUSANDS!
now, if you had followed pgh;s performance and obstacles, the development over the past 15 years should not have come as a total surprise. it requires management on your part to make investments work for you.
this was not considered a growth co. and losses over the recent quarters should not have come as a total surprise. pgh is expected to show a miniscule profit starting this coming quarter with continuing increases over the next quarters, and if hardmetal's optimism realizes, share value would easily double given no negative surprises.
You are looking at the PAST and not the PRESENT. Take a look at "what is coming into production" and re-adjust your outlook. You will be greatly compensated if you do and get a 7% yield while you wait.