The Toronto Venture Exchange lists over 1000 companies. Mining outlets especially (65%) and energy (15%) and then some. This resource venue is an excellent place to find out how hot or cold the winds are blowing for these tiny juniors.
Well, the shake out was brutal, the last 12 months, I can tell you. The ‘Venture’ lost 80% of its value in 14 months.
How come?
Well, the ‘Venture’ is a place of dreams and hot air. All these companies are paper structures: a balance sheet, some or no cash, a management team waiting for drill results. Assets are a hope not a requirement.
Shares in these companies are like lottery tickets. You buy one, you sell one and sometimes you win.
The place is not crowded these days. The public is gone. Only some diehards are lurking around.
Waiting for spring.
But there are some great companies hidden on the ‘Venture’. With successful managements teams, cash in their bank accounts and waiting for results. The wash-out of recent months gives the astute investor the chance of a life time.
Well, the shake out was brutal, the last 12 months, I can tell you. The ‘Venture’ lost 80% of its value in 14 months.
How come?
Well, the ‘Venture’ is a place of dreams and hot air. All these companies are paper structures: a balance sheet, some or no cash, a management team waiting for drill results. Assets are a hope not a requirement.
Shares in these companies are like lottery tickets. You buy one, you sell one and sometimes you win.
The place is not crowded these days. The public is gone. Only some diehards are lurking around.
Waiting for spring.
But there are some great companies hidden on the ‘Venture’. With successful managements teams, cash in their bank accounts and waiting for results. The wash-out of recent months gives the astute investor the chance of a life time.
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