GREY:AUAYF - Post by User
Post by
xdmmdx3on Sep 10, 2008 12:37pm
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Post# 15445032
Seriously though...
Seriously though...Anyone who has waited this long to see Adanac make it or break it......selling now doesn't make that much sense to me. The position you carry can't be worth that much at these price levels anyway. Potentially, if they can manage to get the financing the investment from this level can be a ten bagger or more I'm sure. If you sold and had warrants at $1 or $2, you would be leaving the real gains on the table from where we are now; that of course assumes they can get the money, which is uncertain at this time. I do find some solace in what looks like the bottom for the financial stocks. Look at almost any major financial institution and you will see they hit their lows in mid-July to the beginning of August. if that's the case then the market should start recovering, the worst should be behind us. It's the banks and investment firms that will be at least partially funding the building of this mine one would think. So if their stocks are starting to move up because the worst is over, then they will be looking for investments where good money is to be had. I believe this project would fit the bill.
Good luck to all and hears to hoping I'm right,
x