Again, I came upon Argonaut due to NFTRH's core hold on the former Pediment Gold, which Argonaut gobbled up. I reluctantly sold the buyout pop but then got comfortable with the combined entity and bought AR on opportunity.
It is fashionable to quote Mark Twain's "A gold mine is a hole in the ground with a liar on top" and in too many cases that is a fashionably accurate quote. But in the extended time I have owned Argonaut, they have never once disappointed me as far as the expectations game goes. That is why I have just let the thing ride upward, when normally I am a bottom feeder and profit taker.
As noted last week, Otto @ IKN's Rio Alto (RIO.V) and NFTRH subscriber Frederick's Pretium (PVG.TO) are doing great too and surprise, they are run by people who know how to treat shareholders. I am less familiar with RIO's management, but if Otto likes them I do too. Pretium is run by another proven precious metals company manager, Bob Quartermain.
It's no surprise that these are among my most tightly held items. But even if I were a stock recommender I would not reco these because I bought them significantly lower and probably would not be buying now. There are a couple others that I have the same feeling about, yet they got blown up last year. All that did was remove the urge to sell them.
Point being, there is a lot of garbage out there and there are some gems as well. Some are even on sale. I think good management and good projects tend to go hand in hand.
La Colorada Project on Track for Production
Edit (12:22) A little birdie just told me that Pretium released news that it will trade on the NYSE on January 12. Can't hurt, exposure wise.
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