GREY:GRFJF - Post by User
Comment by
Orwellon Sep 09, 2008 9:32pm
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Post# 15443373
RE: Acquisition or no?
RE: Acquisition or no?Agreed, but I'd rather they stick to their current knitting, and keep their powder dry in case they need to fund their own way through a brief period of low gold prices. Again gold < $700 sell all your stocks; gold stabilizes anywhere above $700, then WGI is at least a double from here. It's almost load up the truck time when you can buy the whole company for the price of its capital spending to start up the mine (e.g. equipment), and you essentially get the mine/gold for free.
O.