OTCPK:MEAOD - Post by User
Comment by
christoon Sep 03, 2011 11:21am
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Post# 19009635
RE: Sept.. Oct.
RE: Sept.. Oct. I'm with you goldtoe...many of the penny stocks I own and their ilk were $2, $5 and $10 in the last gold bull...the difference
now is they have more data,better management thanks to consolidation of the big caps,better properties, less paper out
cuz many had to consolidate over the years and have some cash to work with,better exploration technology...one doesn't
buy these juniors for,as Jim
Dines would say...'' a stinking 10% return"...I expect to make a few 100% return on MTO...as well as all the others like
ATG,KGL,OGR,INM and on and on...eventually the greed will kick in and investors(esp. Americans) look out ie speculate
for the highest leverage and the juniors provide that leverage...has been a long wait tho...got a big tease in 2006 with $500
gold and all the juniors have been decimated since breaching $500...breaking $1000...and then $1500 did squat for the
share prices...many actually at fractions of 2006 highs...the conservative money is buying gold and silver ETF,s at present
but fear and greed always kick in at some point...and I'm betting on ''greed'' to be the catylst to propel all juniors ...and dam
soon...GLTA