GREY:GRFJF - Post by User
Comment by
Orwellon Sep 21, 2008 9:50pm
757 Views
Post# 15473773
RE: Orwell: that's why I loaded up on WGI
RE: Orwell: that's why I loaded up on WGINormally I would say that the market has some information that we don't have, but mostly every stock in the world is mis-priced right now, either too high or too low due to all of the financial crisis and crazy things going on.
As such, I'm willing to bet that the low share price of WGI is just due to irrational market forces or an individual investor being forced to do something they wouldn't normally do, and not due to the market having some specific information about WGI that we don't have. Management also stuck their neck out and issued a PR saying everything was on track, and they have not altered their corporate presentation.
If WGI production levels or cash cost falters in Q3 or Q4, then management will have lost some credibility.
I'm betting that will not be the case, but of course there is always a small chance that the market does have some info that we don't. I'm starting to look at Nova Gold now too.
O.