and to be honest, I don;t feel sorry for Kori, Hes told us umpteen times he was a seed investor, and reglkarly big-noted his board "friendships" and major shareholder status. If he got it wrong, suggest looking in the mirror. I have downloaded every kori post since 2005, ready to sybmie with Frank/Bruce actions.releases/discloures (as Kori/Mark C was part of Bruce's shareholder "bloc" and any NS non discloures,,,,very careful eye on this for any actionable oppns against board not fulfulling thrit fiduciary duties and/or major shareholders quoting info they shouldn't have (under cont discloure reqs)....i smell potential class action if this guys split given he long list of ann that never happened and on their "colorful" approach to governance and looking after ALL
I do feel sorry centrenow. Kori is in the same basket as you (assuming you lost a heap).
Very large losses set your personal life backwards. I have and continue to lose very large sums of money. In saying this the majority of my money is in stable assets. Overall Im not a big risk taker. Posting on HC is more suitable for the small-cap segment. Thats why not a lot of posts occur on the blue chips despite substantial investments being made there.
The primary reason why the ord/van business has been deteriorating is because of business conditions. I myself have been forecasting on here certain risks like gold market turning down etc. Unfortunately, this has happened and the only saving grace to mining this precious metal is the FX rate. This is just one example. The mismanagement of caledon, GRAM, LAOS was the writing on the wall.
Investment in van implies you are bullish on gold and that you believe that the market and management are robust enough to meet challenges around funding etc. While things for van are improving they are operating under a risk scenario which I view as intolerable. Hence, I dont hold anymore. The point is you have failed to acknowledge the inherent risk. Sometimes this is hard to see. Not every company becomes a BHP, Apple etc.
Surprisingly the stock market is a tough game. The stock market is 'open' but from a pròfessional point of vìew it is only suited to the sophisticated investor that understands business. After all a share is a portion of a company. When you think about it like this why would you put up capital (or continue to hold this capital) when the area that the business operates in has little hope. Eg; look at macro/micros - you want to be in yield, housing, resi, construction, health/health care and non descretionary spending right now.
Expand
