Hey Stude, I enjoy reading your posts........but with that said; I sold it all today at 0.85. The reported loss & added dilution made me a little apprehensive. I still like the turnaround story here; which is why I'll keep an eye on their progressions. Will try to buy back in after these "summer doldrums" are over. Good luck to you and the rest that are still holding.
Of course, I was speaking "figuratively". Doug should put his foot down, even if its in a professional manner. And I'm sure patience is wearing thin from the bigger investors.
Easily a $2.00 stock. PMs are currently in a secular & cyclical bull market which I believe warrant a conservative 15-20 multiple. Most S/P 500 equities are closing in on a 20 multiple while in a earnings recession.
I still thing POG is going to zero. Did you see that miraculous jobs report?? OMG.......what a recovery!!!!! Bank stocks to ta mooooooooooooooooon!!!!!!!!!!!!!!!!!!!!
I'm actually down to around 40% of the shares I originally started out with. I'll sell a few more if/ when we get to $5. IAG is still a good value; but I always believe you have to sell to lock in some gains. Greed uses to get me slaughtered during my novice yrs. 😉
Think you're off by a dec. point, chief. But still a nice deposit. ;))
H-e-l-l.......why don't they just say this stock is going to zero? Maybe they'd have more credibility.
Now a close above last year's high of 1307 will be uber bullish. Not bad for the summer doldrums.
I'm willing to bet the brexit referendum caught more investors by surprise, including myself. What's next? Texas votes to secede?
Gold Reserve Inc. (GRZ.V) (GDRZF) (the “Company” or “Gold Reserve”) announces a further extension of the previously announced Memorandum of Understanding (“MOU”) with the Bolivarian Republic of Venezuela to July 15, 2016. The execution of the previously announced settlement and mixed company (joint venture) agreements have been delayed due to recent positive events in Venezuela, such as the formation of the new “Ministry of Ecological Mining Development” and the appointment of a new Minister allowing the government to pursue the development of its mineral resources independent of the energy sector. In addition, the government, as part of the approval process for the mixed company, has recently completed an extensive technical and economic due diligence review of the Brisas-Cristinas business plan proposed by the Company.
The Attorney General of Venezuela, Reinaldo Munoz stated, “We have agreed to extend the MOU to allow additional time to finalize both agreements.”
Doug Belanger, President of Gold Reserve stated, “We believe that all the documentation related to the settlement and mixed company agreements are now substantially completed and that the signing of these agreements should take place in the very near future.”
Too many bullish articles on the miners & POG when it hit 1310. This usually portends a short term top. POG came up way too fast. We need some new skin in the game for this bull market to continue. I actually took some more profits, today..... especially my VGZ holdings. Believe it or not..... my biggest holding is still IAG, due to its high leverage to the POG.
Congrats to the rest of the longs who averaged down below $2 (or even $3) ;^))