GREY:HRIVF - Post by User
Post by
Honkeybillon Apr 07, 2009 12:04pm
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Post# 15902140
I hate QUIET...but it's good for us
I hate QUIET...but it's good for us I hate quiet.........even bad news seems to be more comforting than no news. If you take all the emotional attachement out of this play (which we should......for all plays).....waiting quietly for a few months could be the best thing for shareholders.
My view is that Severstal will never be able to buy all of this company as cheaply as they can now. We have a ton of debt but we also have producing mines and cash flow. The reality is, we could operate in this manner for the next year and a half and each month the debt issue will become less a problem.
The biggest problem this stock has is investors aren't willing to sit on companies like this because there are so many other opportunities around. Short term, this isn't the best play for a quick upside.
The quick buck retail players aren't interested, the institutional players can't buy it and the major gold producers have a lot of choice when it come to aquistions.
I see an incredible buying opportunity right into late May.....unless the POG pops over a grand.....then things would get very interesting again.