Excellent post Bpultra and Reccos!Bpultra:
I use a variety of trading techniques but yes I am for the most part a patient, long-suffering if need be investor. When I see something of value in a sea of otherwise over-driven, over promoted stocks I buy right and sit tight. There have been times when I held onto to stocks too long and yet there are other times when I have held on just long enough to be proven right. It is a difficult game for sure. I agree with you that KGN has been on an explosive upmove right now but that will not last unless they pull consistently wonderful holes going forward. They are IMO trading at a premium to a stock like AGG. Now will it continue to impress ? I hope they do but most in its position never impress once a premium has been given to them for something they have not yet been proven. I have of course looked at the company and its assets. It does have a decent chance with Esaase but it is not a sure thing by any means. It is not an ARU rest assured. My only question for you is this. Do you really see more value in something like KGN over AGG or are you basing your opinions solely on the fact that their SP has outperformed AGG's in the short to medium term ? This I should say is one dangerous game IMO though I congratulate you for an excellent buy @88 cents!!!!!!I If Esaase is a dud KGN's SP will plummet since the premium it is now getting for the speculation will evaporate. AGG on the other is moving steadily towards a resource count in the neighbourbood of 1.5+ million ounces @ Kobada on just 10% of the strike. This has surely not been reflected in the SP. Why ? It isn't sexy enough yet I guess for the average retailer to grab hold of but rest assured they will come at some point. I agree with Reccos gold will move higher in the short to medium term and you will want to be holding your gold stocks. I guess my opinion at this juncture is as follows: KGN is trading at a premium right now being given a MC of nearly $60,000,000 with really only one horse in their stable as their Nevada property is beyond green field at this point. AGG with its excellent land package, advanced project a Kobada, experienced management, Assuowunnu which surrounds KGN's Esaase, plus 3 other stand alone alone projects has an MC of $45,000,000. KGN has a 25% PREMIUM over AGG but for what ? One hole and a pile of speculative money! Things will normalize and I expect AGG to be given the respect it deserves if not sooner then later.
Regards,