RE: check it out - RVIHey Mates,
While we're waiting for the big move with MPV, let's compare a couple of diamond stocks that one could consider for the short term.
As much as I can understand your interest in seeing GGL run, I think you'd be far better in RVI (Rockwell). Why?
1] GGL (formerly Gerle Gold, which I made good money on in early 1997) was consolidated almost 7 years ago, and is approaching the end of its latest lifecycle. It may have one more short run, but the odds are against it at this stage. RVI, on the other hand, was consolidated a year ago, and is about to commence its first run of a new lifecycle.
2] A review of the technical indicators (MACD, RSI, and in particular Chaikun Money Flow) suggests, amongst other things that rather than a long period of accumulation with GGL there instead has been a lengthy period of distribution. The reverse is true with RVI where not only is the float very tight, but insiders continue to accumulate.
3] Most of the BOD of GGL have been around for awhile, as have the BOD of RVI. The difference here is that the insiders of RVI are all part of the most prominent mining exploration team in Canada ... the Hunter Dickinson Group. Their success rate is without equal in terms of increasing shareholder value.
4] GGL is an diamond explorer. RVI is a diamond producer, with a major 2007 diamond exploration program on the books.
5] GGL has a float of 101 million shares. RVI has a float of 26 million
We could compare other indicators of success, but five should be enough to convince you of the risk/reward probability for each.
Verify what I'm saying here with your broker. As a potential 2 - 4 bagger from today's prices before the end of the year RVI wins hands down IMHO.
For the record I don't hold any GGL, but have been slowly accumulating RVI since shortly after they consolidated their share structure a year ago. My average is .42
Cheers,
Brit