TSXV:OSU.H - Post by User
Post by
Tradesmanon Nov 13, 2008 12:33pm
483 Views
Post# 15583747
It can only get better...
It can only get better...The good news is, it can't get any worse.
I don't think this project is going to disappear down a hole in the ground (excuse the pun).
In the very worst case, somebody else would take over, but I suspect this management will succeed in resolving all the problems they inherited. Indeed, there are a lot of positives in the NR and all the issues are being tackled.
When I look at the share price, it seems ludicrous. There are companies out there with no resources and no prospects whatsoever, which are trading at higher valuations. This situation won't last for long. Even Crystallex, whose mine is being confiscated by the Venezuelan government, is trading higher. It's quite unbelievable!
Right now, the US dollar is artificially high and gold is artificially low. I predict this situation will not last much longer and gold will again decouple from this worthless currency, like it has done over the past several years.
He who dares, loses, but patience will be rewarded.
Footnote: The economists are predicting the current recession will be less than one year. Due to the severity of the downturn, I would tend to agree. The crash was long overdue and only so severe because it was artificially, manipulatively delayed. Economics cycles always run their course. Nobody can stop them. This time, next year, we will probably look back and laugh about it. I hope we will also be smiling about the progress of ORSU by then.