GREY:AUAYF - Post by User
Post by
rondee96on Aug 28, 2007 12:38pm
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Post# 13311058
Heres what I see Part II
Heres what I see Part IINote this little observation from the Press today
TORONTO (CP) - Stock markets were negative for a second session Tuesday morning amid a disappointing earnings report from Bank of Montreal, analyst downgrades at big U.S. investment banks and sliding consumer confidence.
Shares in Bank of Montreal slid 43 cents to $66.74 after the bank reported third-quarter profit was down 7.1 per cent at $660 million, including $97 million in losses due to risk reduction in its commodities business. It also boosted its quarterly dividend two cents to 70 cents per share.
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This not only explains some of the reason the TSX is down 140+ points but could also be why we saw over a million shares come out of AUA from the BMO house in the past week.
We need to stop panicing here about the permits - we're acting like kids at christmas fearing that santa will not come. Research shows there is no down side to this business case given the moly prices, BFS, EAO process and aboriginal buy-in. Its all good folks - stop spinning this into something its not....it will be a mine...