RE: RE: Strong Value.. Very UndervaluedYa, it's funny that even Dines was selling a whack of TNX a couple months ago. Odd move for a man that has been predicting 1500 gold for years now. Why would he be selling shares of his own company "knowing" gold is moving higher? Fundamentally MDN is a great buy, and I did buy, selling into the last little rally, contemplating buying again mid 50's but the question really is why? I originally wanted MDN as a long-term hold because I, like most of you know that it is undervalued given what we "know" but with all my other jr holdings performing so well and making me lots of money why waist having funds tied up in a company that just seems to love to get its shareprice hammered everytime it trys to move. TA sucks as well. I mean ya, this looks like a godd entry point but for what, 3-6, maybe10% return.
Tell me clint07, why would one want to buy a block of mdn over say SMR or PX....just examples but here are stocks with very good speculation around them. Now in order for MDN to go higher, it will need good market conditions, given good market conditions the chances of SMR outperforming MDN are extremely high. Im willing to bet on that one. Why, because the markets don't like MDN and they do like so many other companys in this gold rally. 100's! Why we dont know, but what we do know is that it loves to speculate and overvalue companys at an alarming rate. Who knows how long gold will continue to move up...maybe $1200, maybe $5000, but the fact of the matter is your gold holdings should be moving up at a substatially faster pace than the price of gold and if they are not....move on or you may end up missing the ride.