NYSEAM:YMI - Post by User
Comment by
CatchinTheKnifeon Jan 27, 2009 8:30pm
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Post# 15732187
RE: RE: I'm thinking of going in
RE: RE: I'm thinking of going inI'm not in yet, but I have been watching this and have some DD to do on their drugs currently in the pipeline. Given their cash flow this looks like like an easy buy. They are trading at half their cash value and I understand they have many drugs in the pipeline. It does however, take several years for a drug to get through the pipeline. there are three phases of testing that can take well over 3 years to complete, even with FDA fasttrack, which is when the FDA approves lighter regualtions on the testing because of the importance of the drug and its previous test results. After testing they must then apply for FDA approval. I am fairly new to studying this industry, as I am also in mostly micro cap junior miners. Please check the accuracy of my information, but it is accurate to the best of my knowledge. Most of my knowledge was learned when I got slaughtered on Medicure. Lesson learned: Beware of a good story (and that goes for every sector).
Fivefive5-Id love to hear your input on potential buys in the junior mining sector. Send me an email if youd like to discuss this. I will send you my favorites as well.