GREY:PCCLF - Post by User
Post by
christoon Feb 13, 2010 12:38pm
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Post# 16783345
Deployment of cash
Deployment of cash
I am looking forward to some FOS cash going into investments in other companies and they might look like a
capital corporation for awhile but cash is powerful right now and many great opportunities lurk out there...and I like the slow development of property...after all, properties are just liabilities until...until they're not...IMO is a safe stock to buy in the highly speculative marketplace where we all play,n'est pas?...in the long run these are the bottom share prices and investors should be happy to accumulate from
.40 and below...every time I buy this stock I'm still wishing for it to go lower so I can add to position...this stock is cheap...even if they were to sell the project for a buck.
One stock (that I own lots of) is Grand Portage(GPG) that found itself with about $4.5 mil in the treasury and little exploration work planned (for good reason)....they invested about $2.9 mil (inferring exercise of warrants) in the last 6 months that's worth approx. 7 - 8 mil now ...stock has a market cap of 4-5 mil with close to 10 mil in cash ,investments etc. and trades at a measley 8.5 cents...But,like with FOS,Im not whining and complaining about the lousy share price ...I'm buying baby and and I have patience to hold ...Giddy-up!