A stealI bought a fairly large (for me) position in MFL/MFN today.
Some good signs for me. A lot of disgruntled shareholders, bitching about management. Ridiculously low stock price considering the recent run-up in gold. A producer about to have a lot more production, max prod and soon a second mine.
Winning conditions, a typical Buy Low sell High story
My take:
Management was good enough to develop two high quality properties, get the funding to explore, build mine etc...with reasonable dilution. A success story.
Ok I will give you that operating the mine from start up was not the best performance. But problems are behind, soon will be anyway. Properties are good quality, so a bit more money will do it, just later than earlier. And the stock is not at 18-25$ like it should be
.
Gold may correct but it`s on its way to 2000$ by Oct 2011. US gov still printing money. Economy still struggling, inflation there despite all the problems, inflation will return lightning fast the moment the economy picks up.
I can't find a better deal with producers/explorers right now without speculating like crazy (and I do!)
good luck
P.