Looking at PropertiesI am in a bit of a quandry and need some help.
I understand that the markets are lousy and that April hardly came in like a lion, but when it leaves like a skunk, do we not begin to load up the trunk? I looked at about six companies that had good or really good news out this month... and their stock goes down? Huh?
Yale now has some really outstanding properties, albeit great board and management, but the Otchimakuru (spelling?) property is HUGE and looks to have killer potential, then there is the Leicester property which is twice as big as Otchi.
They have both had work done on them and look to be likely large base metal discoveries IOCG is the term I believe.
When you think of the rate that the 3rd world is building infrastructure, then a guy wants to own base metals (large potential) because they are lower risk on a hit and miss than on say gold or diamonds, and thier demand will be consistant. A guy also wants to be in a safe political climate that is friendly to mining and Namibia's Main economic source of wellbeing comes from mining (is 85% of the economy too high?) Besides South Africa, isn't going to let anyone run amok of their next door neighbor.
SO back to my quandry ....
Do I run and hide, or back the truck up?
at 17c methinks its the latter!
Mike!