Ann: Managing Director Company Update, 121 Conference Cape Town, page-147

First 147 Last

Share
Profile

Follow
Megafauna

11,120 Posts.

108

22/02/19

07:03

Post #: 37525006
Share

Originally posted by TheGermanLad: ↑

I can’t help but to copy and paste these insights from the great Bob Moriarty, investment legend. Time to enjoy and reflect.

Bob Moriarty: Yes, there are some wonderful people in the mining sector and there are some guys who tell the truth as a rule. However, one thing you’ve got to realize is that when a guy starts lying to you he may very well be lying about everything. I have had some investments over the year in which I knew the managers were lying about some things but I still loved the story so much that told myself “well, he can’t be lying about everything”, but sure enough, they were lying about everything.

“It’s been my experience that resource companies are often run by idiots pretending to be managers who live the good life while sucking the financial blood out of the veins of helpless investors. It’s a dangerous business, where failure is the norm. Share prices run up and down faster than a bride’s nightie. I’ve run into charlatans, con men and fools. I’ve visited hundreds of mining properties and i’ve been lied to on almost every trip. I find that wonderful, being lied to maybe 75 percent of the time. I used to be in the computer business. There I got lied to 100 percent of the time. So the liars in mining are at best amateurs in comparison.” ~ Bob Moriarty

Expand

I don’t think we shoul believe him, he said he worked in the computer business and they lie all of the time.

TNG Price at posting: 10.0¢ Sentiment: Buy Disclosure: Held
8 Upvote

3 Great analysis

Reply

Top Stories

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

CXM

'Taking money from the market': Garbage giant cleans up as this week's Hot Stock tip

There are more pages in this discussion • 12 more messages in this thread...

First 147 Last

Add TNG (ASX) to my watchlist

Ann: Managing Director Company Update, 121 Conference Cape Town, page-147

Top Stories

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

'Taking money from the market': Garbage giant cleans up as this week's Hot Stock tip