Wheels Group Inc GRFJF

Back in the money!

[prested]

The recent boost has put me back at what I paid for this stock. Question now becomes; Is there more money to be made cashing it in and picking up some of the bargains - some of which pay double digit dividends - or, does one hold on for the ride?
      BMO has a target of $3.50.

[mlmack]

With 2009 projected earnings of $.30 for $800 gold, 1/3 of the production hedged at $800 to protect the downside, 100,000 oz unhedged for upside potential, a 14 year reserve life, a great management team with $45 million in cash now buyuing back shares, a very safe jurisdiction the US, production costs falling with the price of oil, etc. etc. Let me know if you can find a better investment.20 * E

[SkyeCairns]

re: MESSAGE POSTED by MyStockhouse/Default.aspx?u=85815"">mlmack I couldn't have said better myself. There may be better investments out there but WGI is simply to much of a risk-less choice.

[Thunderhead1]

It should also be noted that WGI has approx $70M in longterm debt  which will need to be paid back  eventually. That $70M debt compares with the projected annual cashflow of  US$40-$60M over the next several years.  Nonetheless, I like this stock.