RE:RE:RE:RE:RE:RE:Scotia iTrade isMack. I've just posted some advice on the SPA board, being the sage that I am. SPA has gone alot faster than I expected; the faster gold goes and things unravel the faster the Fed will have to act and start raising rates, they'll have to. I worry that on that dilution, the stock has been diluted by 60% at an average price of 22¢, and the stock trades at 70¢, when nothing has changed on the ground. That worries me.
I had alot of SPA, which was under water for years. Your comments and encouragement helped me through those years! I've always believed in holding a long term gold option and SPA was it.
You're led me to NRG. It could all come to nothing, but unlikely. You seem very well informed. I've been assessing companies and their management for years, and been ripped off on occasion like most investors. What I like about NRG is the management. It's recognised the Pamlico Prospect as the ace in the hole, sold off the Columbian prospect and trying to hold down dilution. There's just 135m shares FD, and NRG is due about $3m from the Columbia sale.
I didn't know they put the rig in the wrong place!. It doesn't help that our Can CEO cannot go to the US to supervise operations, but the Chairman lives in Reno I believe. I'm loaded like you and waiting with some anticipation