UC Resources Ltd.

UC is an emerging producer of Gold and Silver. The Company's goal is to combine cash flow from production, along with a significant exploration upside from its mining assets. The Company is working on its long term objectives to build a mid-tier Production company with a specific focus on silver and gold development in Mexico.

almost 12 years ago

in response to BertaCurry's message

Thanks Berta for reminding everyone of the progress that the company has reported.

It is easy to get frustrated when things don't go the way we want when we want them to. Especially when we are depending on things we can't control (i.e. the weather and parts suppliers).

I am a relatively new shareholder and my position is small. But I can relate to those who bought in at much higher levels. I have been down that road before (GNH and PEM).

I had to decide if I believed in the managment and the resource and if I was willing to "average down" at the new (much lower) price. If I didn't like the way things were progressing, I would need to sell all but a token stake (just in case I was wrong).

With one of these stocks, I "doubled down" and cut my average cost in half. With the other I sold all but a small portion (at 75% loss). Now I wait for the market's irrational behavior to catch up with my rational thinking. Unfortunately, the market can remain irrational for longer that I have funds (to paraphrase to old saying).

Maybe it's just me, but I don't know any other way to play it. All my grief and frustration with the situation didn't help me mentally, spiritually or financially.

GLTA

- panamax