They're trying to address some of the forecasting issues. Still very on track, I didn't notice anything that I would call dancing around or evading. Anyone hoping for some huge news might be disappointed, but personally I'm very encouraged. I see no reason to do anything but hold and possibly add. Any startup is risky, a startup in a whole new tech is 10x risky, hopefully that goes without saying but some people seem to post messages as if they think it's a sure thing :)
Then I realized that is totally insane. There's almost zero chance of anything positive. I don't even bother lurking around here, let alone engaging in discussion, since it's gone to total ***. Is there a single legitimate reason to be bullish on this stock right now? Any indication at all that they have made any money or will disclose any kind of sales information?
TD just shows zero, but it has a cusip symbol. not too worried, it's a small position, held some gains as shares from a trade couple years ago.
thanks for posting the info, GL to us ;)
grisly stuff. takes "playing hard ball" to a new level... not one I would want to have to go to just to engage in business. I know bad stuff happens everywhere and all, but thank God we can generally avoid going to that level here in the good ole USA :)
I'm not mentioning it to give excuses to TRX. I know it's POSSIBLE to do business in africa, my point is that it is far more challenging that some people realize. and likely to require a lot of greased palms and feet on the ground
yes it's slightly OT, just wanted to throw that out there because it's genuine info that a lot of people don't know. and it's relevant for anyone doing business in africa, even africans, as my friends would be happy to tell. the one guy lost a fortune on a brilliant real estate purchase that was stolen out from under him, with no legal recourse to speak of
a little perspective for those not familiar... i used to work with some african guys and they told me how things tend to operate. these guys were from a wide range of different sub-saharan african regions, but they seemed to be broadly in agreement about this:
if, for example, you buy some land and build a house. during construction you must guard the property day and night, or someone will come along and knock down the construction. quite possibly, this will be whoever sold you the land, in the hopes that you will fail to build and they can then turn around and sell the property again to someone else! also, someone might come along and claim the property as their own, at which point it's very difficult to argue about it. even worse, if you tried to buy land for future development, good luck because anyone might come along and build on the property, and your best case scenario in the long run is that MAYBE the court will force them to buy you another property somewhere else, but they won't be forced to buy one for the same value.
in this atmosphere, anyone trying to do business in africa must be out of their mind imo. one of my friends actually had strong local connections, going all the way up into government, and STILL had land stolen out from under him... how is a foreigner going to have any hope? ridiculous.
Thanks for the info. Why do they call it gold miners bear if it doesn't reflect the downtrend in gold miners? I still think the name implies an exact inverse of NUGT.
Even a billion dollar company is going to take it slow on these price tags. It's a new product. Great technology doesn't always mean great sales. Think about this: who decides? The guy in charge of research might not want to change things. If he switches to a whole new way of doing research, what happens to his little empire? To make such a sale you need to talk to the right people and even if you convince them, they might face a lot of resistance from within. For an untried, untested product totally new to the industry, lots of hurdles to overcome.
Comparing DUST to NUGT... I would expect a roughly inverse correlation. Instead, DUST is pretty much flat, but NUGT is down dramatically. Does this imply that investors are getting the shaft, or is there some other explanation?
Deposits, fine. I interpreted your post to be looking for evidence of additional contracts or revenue that have not be explicitly stated.
Regarding the mysterious secret sales activity that is not being reported but supposedly happening. I stick with what I said. Either they have no contracts, or they do and are not telling anyone, which is insane. Nobody does that. Nobody. It's against the interests of the company, shareholders... even customers, since it helps push the company into oblivion. You're seriously investing in this thing on the hope that they will suddenly one day announce a large bucket of contracts they've been collecting, but hiding? That's a fairy godmother scenario