RE:M2 - It is VERY ironic Silverwhere
You are right, I would not buy stocks priced at $7.00 to $15.00 dollars. I like like buying stocks preferably under $1.00 that turn into $7.00 to $15 dollars and hold onto them if they are not bought out.
The key to my buying shares under $1.00 is for the up side potential, at least 5 X my investment.
Without going into all the things I look for in a investment the one thing I look do look for is the number of shares out, this always effects the share appreciation and this can put a real cap on the upside !
With MPV we started out with something like 60 million shares now we have 160 million shares and $364 million in debt.
MPV used as much debt at possible and saved on the share dilution so the share price could appreciate in value.
Now with Integra, we started out with 36 million shares @0.20 and now we have 1/2 billion shares @0.78 and we haven’t started mining or producing one ounce of gold.
Unfortunately the number of shares out before production is going to cap out share appreciation to even $1.50 if they keep adding.
Integra ran an aggressive exploration program in a bear market where funding became very dilutive but very successful in creating shareholder value.
Lets see how far management can move the share price up with having 1/2 billion shares out at this stage of development.
This is,, I feel this is a good time to be holding Integra shares but I would not be buying any more.
My ICG shares has a 130% lower AV cost then my MPV so Integra would only have to move up to $3.08 in order to match my MPV share appreciation !
M2
PS; It is possible ! $3.00 for ICG.