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Pretium Resources Inc. Message Board

  • frankrcarman frankrcarman Jan 17, 2013 1:55 PM Flag

    Upside potential vs. downside potential

    I cannot wait for the next drilling results to come in on this stock. A man 50 years my senior became my mentor some years back and this bit of wisdom of his has always stuck with me: look for a solid company that you believe in; a man, or woman, running it whom you respect, buy at the worst times, and hold till the rest of the world recognizes it". He said, "When a stock is beaten down so low the distance it has to fall in minimal compared to the distance it has to go up is the difference between downside potential and upside.

    Sentiment: Strong Buy

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    • Frank - I agree with you 100%. That said, who knows when the unmitigated sellfest is going to stop. To the general investor, there is no difference between PVG and the lot. HFT algos and hedge funds have taken advantage of that drive the sector into the ground. Either gold will need to break out of its range or senior miners (the acquirers) will need to show significant top/bottom line improvement for something to change. As a shareholder, I am comfortable to sit on my shares and buy on some absurd dip. If I were investing anew, I'd keep nibbling on it.

      Sentiment: Strong Buy

      • 1 Reply to augustusgloop
      • Agreed, I have some dry powder that is waiting for "some absurd dip", which could well be PVG. If it drops below $12 I may just double up and average down. James Sinclair says gold will become, once again, the confidence underpinning of creating a new currency or basket of currencies. The difference will be this time gold will not drop greatly in price from it's peak but it will remain high enough to recapitalize banks throughout the modern world. At some point these hedge funds you describe will cannibalize each other when it comes to driving PM prices higher.

        Sentiment: Strong Buy

 
PVG
5.76-0.22(-3.68%)Sep 19 4:07 PMEDT

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