GREY:ADAIF - Post by User
Comment by
Fishermineron Jan 16, 2007 1:56am
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Post# 12023554
RE: Trading on this stock makes no sense
RE: Trading on this stock makes no senseA good question. My thought has always been that there has been a very high value of this property from the start. Because there has not been any drastic big news that is super exciting there is no big spike in the price of the stock. It just steadily goes up. Anyone looking for a quick fix will get bored. It will go up steadily however, because the market has yet to spike the price to or above its full value.
So Acandian Gold is an undervalued property with no super exciting news because the news is already reported and known. This means it'll continue to be a steady riser but a riser for sure.
When this company is turning a profit and we see dollars coming into the till I would expect it to remain undervalued, but continue to rise in its stock price at a slow continuous pace. It kinda reminds me of AUR, Hudmin, and Teck a couple years back.
Of course if teck or hudbay picks it up then things'll change.
A good question indeed