The status of shares which I have purchased since last August
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Cost is 3 bottles of wine after the infamous Sept. football game.
Big Al
Big Al,
No problem – How about “Two Buck Chuck”!
Marc 🙂
2 buck chuck is now selling for $5.99.
Wow. Bobby, no way – there is no such thing as rabid inflation – the federal government told me so!
Marc
Hi Marc,
I second your feelings completely. I was just talking with a coworker today and turned him on to Kereport. I told him that IMHO its the best darned education you can get for free, related to commodities and investments. Along with Big Al, and Trader Rog, we have some very savvy and intelligent bloggers operating here that combines to make this an extremely enjoyable and profitable experience. Thanks to you all!
Hi Mr. C,
Thanks for the kind words.
Big Al
Well, I’m not surereviewing your portfolio performance will make you feel better, but to quote a WW2 Combat Veteran….”Any day above ground is a good day”.
Yep Tex,
Any day above the ground is a good day!
By the way, I am not particularly depressed by that portion of my portfolio. The only stock that are down meaningfully and ITH Otis Gold and, at this point, I am not concerned.
Best,
big Al
Al,
I hope you feel better, You are a trooper, we couldn’t tell you were ill if you hadn’t said something.
Thanks Rich,
Not sleeping at night because you get so stuffed up is not really fun. Oh well, this too shall pass.
Thanks for the kind words,
Big Al
Hi Al:
You said that 2 of the stocks you mentioned are restricted, and that you can’t do anything with them for 4 months. Can you tell me what that all means? Thanks.
Sure Bruce S,
I purchased these stocks in a private placement which that the Company issued shares to folks who wanted to purchase them. As an American I can purchase them because I have the status of an “accredited” investor.
Securities that are issued via a private placement cannot be traded for a minimum of four months and if they are purchased by an American they must carry a “legend” further restricts the stock. This legend must be cleared also prior to any future sale.
So, when an American purchased stock in this manner he must be prepared to hold it for a bit over 4 months from the closing date of the private placement.
I am now putting the majority of these purchases in my retirement plan, specifically my defined contribution plan because I do not plan to trade them in the near future.
Canadian mining companies, which I am very familiar with, use this method of financing to raise money. They, of course, need to submit the required paperwork to the regulators and this paperwork must be approved prior prior to proceeding with the financing.
Hope this helps,
Big Al
Okay Big Sick Al needs to correct the following:
“I purchased these stocks in a private placement through which the Company ….”
“carry a legend which which further restricts the stock”
“an American purchases stock in this ….”
Sorry about the first grade grammar!
Big Al
Al, I commend the transparency with which you operate. Hope you’ll feel better soon!
Thanks the Big E,
Give me a couple of days!
Big Al
AL get better real soon, we need you fighting fit to keep… JERRY in check, haha
Goodmorning Mr. Irish,
Yes sir, get better soon Big Al. Mr. Irish, is it possible to keep JERRY in check?? And would he be as enlightening and funny?
How are you doing? Trust you are well and enjoying all the good that the Giver of life offers. Best to you and all our friends @ Ker.
HELLO CASTANHEIRO, I was just joking about JERRY. It would be a SIN to keep him an a leash,& besides without his madness, you would all think i was the only fool on here.haha. Take care & enjoy the madness.
What makes you think we could even keep Jerry on a leash? He’d just gnaw through it.
John….where there is a will, there is a way…..
Hi John,
Absolutely right! That’s why he’s O^OTB. He can’t be kept in the box or on a leash, and we wouldn’t want him to be, right? He’s way more fun this way, and besides, if he was tethered, Mr. Irish would have to find someone else to banter with(ended w/ a preposition, sorry).
No, Irishtony, I’m right there with you.
castanheiro…you know I am serious about everything…..
Yeh, Ok….. I know, you try to keep us laughin’ so we don’t cry. Thanks.
HELLO…..ALL YOU GREAT PEOPLE….THIS IS” MAD DOG JERRY” , COMING TO
YOU FROM THE HEART OF FLORIDA, WHERE THE SUN SHINES DAILY,
THE ORANGES ARE STILL FRESH, DISNEY IS CLOSE BY, THE ATLANTIC
STILL FRESH WATER(can’t say the Gulf…BP, still hasn’t done all their job yet)
AND OBAMA LIKES HAWAII,BETTER THAN HERE….WHAT ELSE CAN YOU
ASK FOR….
oh, I cant use” Mad Dog”….someone else, was using “dog”
….sorry, dog…if you are still here,
Al, knows he has his “diversified hands “full…
Al, It would be nice to know just how many shares you purchased. I know this might be private, so maybe you can express the positions by % of total stock portfolio.
Hi Mr Irish and Mr. C,
First of all, it would be a travesty to keep Jerry in check! Just would not be right!
I second Mr. C’s comments about “enjoying all the good that the Giver of Life offers!
Big Al
Sure Bobby,
No big deal.
100,000 units of Canasil at $0.225 per unit and 90,000 units of Otis Gold at $0.20 per unit.
Please remember, THIS IS NOT INVESTMENT ADVICE.
Big Al
Thanks Al, that gives me perspective.
Al in gold bull markets there are only two times you should buy explorer stocks. One is early on in phase one before there is a small institutional rally…when the first institutions get involved.
The second time is in stage three after the huge shake out of stage 2. In stage 2 gold suffers a decline of around 40%…see 1974 as reference…during this decline (where gold will go from its high of 1900 to about 1250) oil prices continue to rise and so the explorers often lose up to 70% of their value. Once the “experts” and “cheerleaders” have been decimated…kind of like how you are giving a mea culpa right now, and the stocks are on 4 for 1 sales then you buy. Im sorry you have taken on so much risk and stress being consistently wrong that it is affecting your health. If you continue to hold on you may die before you are correct.
Take a piece of advice from JP Morgan and sell down to the level where your health returns.
Bob,
You and others today certainly have understandable viewpoints. There’s capitulation everywhere…again. I think it’s inaccurate to apply a universal arc to stock pricing for any given company, and particularly better-than-average companies. But the other point is the Jessie Livermores and Warren Buffets bought bargains, and held for a while. It sounds like you might be more interested in velocity of your money, and are looking for a trade, rather than a longer-term value investment. I get it…I used to read IBD’s sector rotation list and find “what’s hot”.
However, I don’t believe gold and silver are going to drop precipitously, because they can’t. I also don’t give complete credit to the JP Morgan’s and central banks for crashing the markets as many here are doing. Yes, they’re involved, but their influence amounts to week-long drops in price, at best, affording anyone interested a buying opportunity. Looking at the price of silver since 2006, the long term trend is still very clear, and I think it’s weak (albeit human) to allow one’s self to change your investments because of a periodic sell. That’s what markets do!
The price of mining companies in similar periods, such as the 1930’s or 1980’s, gyrated. It was never all-up or all-down, like the NASDAQ bubble of the last-decade. However, it’s very clear that if a person bought low, and paid attention to an exit strategy, phenomenal return resulted in both decades. We often predict the future too much in frames of the past. As we look ahead towards 2020, it’s possibly it may not happen that way. But I don’t see how it can’t, either fundamentally or technically.
I respect the temporary impact the metal takedowns cause, but they aren’t changing my strategy or long term view on metals themselves, or the producers who hold them. I know what it’s like to be stubborn in an investment, and not let go of a loser. I also know what it’s like to be at the botton of a once-in-a-decade value investment. Good mining stocks (particularly those with some income, however small) are definitely in the latter category. As Al and others always say, you always have to take responsibility for your own investments. But I think that in 5-10 years, (and that is my time frame), many people will be looking back at some .20 and .80 stocks and wondering why they didn’t but 100 shares here and another 1000 share there, instead of going out for dinner one weekend.
john… great post ,,,well said….
M.D. O^OTB…OTL(off the leash)
gnaw…gnaw…gnaw!
John W.
You, my friend, are right on! That is exactly, in my humble opinion, what you should be doing – especially with the small mid-tiers, to get in on some “relatively safe” multiple leverage plays. The micro explorers I am right now following a real pro or two and some of you guys on this blog – like Big Al, said to me “I know what I DON”T know!” Even though I am learning, the micros are fraught with peril – UNLESS you have some guidance (or many moons of expertise) especially a neophyte like me in the junior miners theatre. BTW, there you go again, being well thought out and on the mark or Marc.
All the best,
Marc
Jerry when did you get your MD….did Big Al or Irish give it to you?
You know you can’t get anything from Irish….besides green beer…
and Al, is to busy being sick…and playing hooky
No, John inspired the new letters…MD, when he said I would chew thru
my leash….so, I thought it approperate” MD”…MAD DOG..
this is only for today…otherwise….the newcomers my not take me
serious…in the future..when , I suggest $12,000 gold
I appreciate it Marc. Value investing, if that’s what one is interested in doing, is always difficult to hang-on while others are staying away. But if you have a decent margin of safety, such as a mid-tier making income as you point out, while the company is selling for around it’s book or even cash value, you are probably going to keep your capital and usually then make money, sooner or later. Smart folks can trade the shorter term ups and downs and it’s that latter group who are making the short-term calls. I respect Bob or others who have followed their own system before, though, particularly if it worked for them. It just seems like most systems only work for windows of time, until they are discovered by others. Value investing usually beats them all, because Wall Street is too impatient to wait. I think it’s the last chance most individual investors have at beating the system.
Hi John,
I echo Jerry’s sentiments. Outstanding post! Once again, this is why I make this my first stop of the day. Beautiful!
Thanks much.
Thank you castanheiro. It’s become my first and last stop of the day too!
Hello John,
Yes sir, mine too, I mean the last stop as well. It’s a good way to wrap up the day.
Best to you,
HI Bob,
I am not sure how you can say that we are consistently wrong.
We did really well last year and so far this year, we are doing just fine.
Please explain,
Best,
Big Al
Every time silver was up 15% in January, a 41% decline started before the end of February.
Every time silver was up 12% in January, a 41% decline started before March 18.
January and February
Here are the years of the biggest performance From January 1 to February 29, its performance the first two months of the year and the subsequent pullback dates & decline percentage:
1 1974 78% Feb 27, 1974 to Sep 17, 1974 down 41%
2 2008 33% March 17, 2008 to Oct 28, 2008 down 60%
3 1979 27% February 21, 1979 to March 12, 1979 down 11%
4 2012 26% ???
5 1980 25% January 21, 1980 to February 22, 1991 down 91%
6 1973 25% March 2, 1973 to April 18, 1973 down 22%
7 2009 15% February 23, 2009 to April 17, 2009 down 19%
8 2004 12% April 2, 2004 to May 10, 2004 down 35%
9 1997 11% March 3, 1997 to July 17, 1997 down 22%
10 1999 11% February 15, 1999 to April 9, 1999 down 16%
Bob: We are economic historians like you. The primary concern we are watching now is the current bull run in Precious Metals from 2000 to date of 2012,. We think this run goes until 2017 or 2024, based upon history. In faster markets, we are forced to trade more often or you leave too much on the table. You do not have to day trade but swing trade. We like a minimum of two exits per year; normally in May and before the fall sell-offs that come in September and October. Those with very large accounts trade infrequently or not at all. If you have millions why strain for more in the shorter term. Small accounts have to trade more often or they die of old age before they can make any money. There are many styles of trading using numerous kinds of trading vehicles. Also keep in mind past peformance is not indicative of future performance. One of the best S&P traders we know told us she must trade more and take smaller profits. She has three top notch techie women who use sophisticated programs to track and trade all this stuff. If you can buy and hold and be happy not trading, just by physical gold an silver and hold it for years. I told one of my millionaire traders to do this as he was not a good swing trader. He bought $1 million of silver at $9.85 and today its $33.48. Nice trade and its on-going – Traderrog
Al could you please give us an update on your shares in Premium Exploration if there is any information that can be passed on to retail investors….
Big Al,
Hey man, you are the best! There is nobody I have researched in this industry – like you. All the best. Please review your e-mail. I got a hold of that article – in its entirety- and I emailed it to you. The Al Lewis website is also there available for your review. Feel better. AND to all my fellow bloggers out there – what a lively and active discussion yesterday. Thanks for taking me to school. Where do I pay my tuition and too whom? Just don’t say the Feds! They will waste it – I am sure! HA.
Marc