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Message: Patience has its rewards

Patience has its rewards

posted on Sep 16, 2008 07:07PM

My first stock purchase was Methanex at $ 3.80 back in 2000. I sold it seven months later for $ 7.00. If I had been more patient, I could have done better. It closed today at $ 25.98. I was tempted to sell PLL a couple of times when it was above .90, but I see the potential of this stock. The demand for Iron Ore is expected to remain strong for some time. Even in the US, with things as bad as they are, steel is in demand. I don't expect to see PLL's share price move before the first shipment leaves port. I will wait for $ 2.00, maybe more if management goes for a TSE listing or if we get a takeover offer.

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