I have 25,000 shares of CLGRF purchased at $0.125 to $0.41 but it certainly is not a large portion of my net worth. I stand by my statement, which was not negative on Claude that someone with $2,500,000 in a single stock is either RICH or taking on stupid systemic risk with all of their money (if $2,500,000 is not all of his money, then he is rich!)
This is 2007, Merck is Microsoft and Gilead is Apple. History should be about the same...right now Merck has a higher market cap, just as Microsoft did. Gilead just released the I-phone.
bend over? The stock has gone from $70 to $100 in a year, a gain of 42%.
If that is bending over, I may have to become gay.
With 2.5 million invested in a single stock, you must either be really rich or stupid.
Now look, Apple is near $900 per share adjusted for the split.
People are wrong long term about Gilead too. It is likely to be $150 or $200 a share in the next year or two.
2010, TC $10
2011, TC $14
2015, TC $1.30
Yes, it is only five years since 2010 and four since 2011, but hardly instant gratification. Well, actually there is no gratification. I guess the pain has been fairly instant.
Eh, just wait until they get some good published results from the studies. Stock will either go to $4 or $40 soon enough. Be patient.
AVNR stayed around $3 for ages with no volume, but then suddenly sold for $17.
I dumped 6000 recently too. I thought I only had 11,000 left but had misremembered that I owned 4,000 in an IRA when it was actually 5,000.
The stock is that sad. So sad I don't even bother to remember owning 1000 extra shares.
TC is the worst investment I have made in my 20 years of investing. Formerly it was Nokia, but the Microsoft purchase of that saved me and I got out with only a few thousand dollar loss.
I probably will never trust a miner again. I certainly will always sell when they want to take on debt to expand. FCX did this too...an almost fraud purchase of oil assets with lots of insider ties.
I even have dumped most of Claude (sold half today at $0.53) even though it has made me decent money. TC left such a bitter taste in my mouth I can't even trust turnaround stories like Claude.
Maybe in 2-3 years what?
TC has gone from $15 to $7 to $5 to $3, to $1.30.
Has to be some pattern there. $1.30, $0.75, $0.50, $0.20?
Maybe in 2-3 years we won't need to sell our remaining shares. :-)
Both you and smile have good points. Smile is correct that if we hit a home run, the little trades here and there for pennies will not matter a lot. I could see this stock going to $50 or $100 on successful phase 3 trial of EC1456. Say you had 5000 shares you had traded correctly a half dozen times for a $0.50 profit each time. You would have a cost basis about $3 lower than the lowest price, maybe a $2 or $3 cost basis.
So you would make $97 profit per share when ECYT hits $100 and Smile would only make $94 profit per share. :-)
On the flipside, if jbaaaaa11 does his trading, lowering his cost to $2 or $3, he will only lose 50% of his original investment if ECYT goes to zero on failure, while Smile will lose 100%.
I probably do.
I filled one order for 2000 at 1.34 then figured why stop there and put in a limit order for selling another 2000 at 1.35. It filled also.
Down to 11,000 shares. 10,000 have a basis of 1.25 or less and 1000 have a basis of around 1.50.
There is always more downside. It is not written in stone that gold will stay above $1100 or copper above $2.50. Even if they do stay at those levels, TC isn't operating at the level we were promised back in 2012 when they were building MM.
Moly is cheaper than dirt right now.
I hope TC makes it. I hope that you and others become rich and the board and management lose out because they did not buy any shares.
These have a cost basis of $2.11
The only thing TC can reliably mine for me is tax losses. :-(
Probably the only shares I am going to hold are the 10,000 that have a basis below $1.25. Well, at least until the share price drops to a buck and I can sell those for a tax loss too.
Thanks Perron et all
It always seems to be next year. Next year, next year, that will be the year we get things going. Time keeps on slipping into the future.
What if Do sell half, keep half. IF TC go to over $10 in two year (Light still laughing at that one) then Do will have still make money. If more likely TC file offering to sell more shares to service debt and provide a good, deserved bonus for the board and management, then Do will be glad he took half off the table.
The best thing to do is sell everything next time TC gets to $1.50 then never invest in mining stock again. Someone famous say a gold mine is a hole in the ground with a liar standing next to it. This fit TC perfectly.
I think he means commercial production defined as reaching 60% capacity. I don't remember now if that was Q1 2014 or not. It is all fuzzy as I try to block out memories of buying shares at $3.
I can't recall exactly, but I think even cohort 2 was stronger than the dosing in EC145? I will be happy if phase 3 enrolls patients at cohort 4 dosing level.