RE: By this time next year...I am not a big share holder of Douglas but I just read everyones blogs and only blog once in a while. But these are my thoughts as far as price where the stock is going. I think everything depends on the mining permit. If for any reason Douglas can not get a mining license you could see the stocke go down below .05 a share. But if they can get the license which I do not see any reason for it to be denied. Who knows where the stock ciould go. We are basically talking about only one property that Douglas has. The Chinese are not dumb. I did not like the Chinese deal but they had Douglas over the barrel. They had Douglas over the barrel for years. Now they dont send a bunch of geoligests over to look at Douglases properties for no reason. From what I hear they turned out a 300 page report on the property. Now the Chinese are suppose to come up with a big chunk of money by around the 15th of March. If they dont Douglas can get someone else in on their property. I personally hope the Chinese dont come up with the money. Lets get some one else in there that wont screw Douglas around. I believe that if Douglas gets this mining license you will have companies biding against one another for the one third of the property.I really think that there are companies out there that if Douglas gets this mining license there will be major companies trying to buy out Douglas. Dont forget there are are alot of other good properties that Douglas hasalso.
The main thing is that all us Douglas Lakers stick together. I know we all have been through so much with Douglas but who said life was easy. If there is a hostile take over or an attempt to take over over Douglas we must all stick togetrher. I wouldnt put it past the Chinese to try to take over the company somehow and pick it up for next to nothing. Or even some other company to try to take over Douglas. We must all stick together to fight. We all know the value of Douglas. The thing that Douglas needs is newsletter writers to write up the company. We need good press. No one knows about Douglas or the valuable properties it has. I think if just one good newsletter writer would stand along with Toby Just one newsletter writer would come to see Douglases properties then the stock would go way up. I think one of the best things that happened to Douglas is that Ruby Creek entered the picture on the second part of Mikuvia. Because if any one comes in to take over Douglas they not only have to deal with Harp but they also have to deal with Ruby Creek and their share holders. And yes I would want both of these companies to get Toby involved in the negotiatians. I think Toby and Harp and the guy from Ruby Creek are sharp and arent going to give the company away.
We had people knocking the company and writing things that were not true about Douglas that were only trying to to benefit them selves
The takeover is only speculation on my part but if I were a major miner and I had the cash.and could buy a company that could go into production after the mining permit is issued and the cost of mining is around $250 an ounce and the price of gold is going through the roof . I think any major would be crazy not to try to buy Douglas.The reserves of these big companies keeps going down and they have to replace them.
My Thanks to Cornelius and Goldie and the rest of you people for keeping on the blog and keeping everyone informed.