Trelawney Mining and Exploration Inc TWNNF

RE: Is Now a Good time to buy GLD???

[gamblor77]

Honestly I'd skip GLD and buy TRR on any dips over the next few weeks. I realize their share price is quite a lot higher than GLD and that may seem steep if you don't have a lot to invest, but the offer for GLD has already been made.

I have been told directly that Trelawney is NOT raising their offer so there is no upside to buying GLD right now. If you already owned shares that's one thing, you could hang onto them for that .00001% chance that the offer would be altered in some way but otherwise I'd skip the red tape and buy TRR. The risk/reward on TRR FAR exceeds the potential of GLD getting another offer, if they play hardball and TRR retracts the GLD share price will plummet to nothing and TRR will still do fine because they have millions of ounces and cash to continue on.

When TRR acquires GLD they will own a substantial land package and upwards of $100 million in cash AND a deposit with potentially of 10 million oz or more if things go really well. So the current $4 share price range is going to seem like peanuts when the train leaves the station. If TRR doesn't reach $7+ in the next 6-8 weeks I will admit that I'm wrong and personally tell you that I'm a moron, that's how confident I am lol. But I don't think that will happen but there are guarantees in life, the market is a strange place sometimes.

So to answer your question, BUY TRR and don't look back. If you wanted to buy 5-10k shares of GLD on a gamble go right ahead, but I think you'd be wasting your time IMHO.
Cheers,
Gamblor.