GREY:AVGCF - Post by User
Comment by
AdamJTon Dec 15, 2011 1:22pm
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Post# 19325680
RE: RE: Ugly Chart II
RE: RE: Ugly Chart IIThat's the point. Can't scoop up the most shares without scaring people out of the markets. See the institutional ownership just went up a bit again. Would expect ETF's to have some panicked selling. At $1.25 I can move 10k across into my TFSA as I didn't put cash in there in 2010 plus have 2011 coming up. At
.60 even more could be moved across. Of course if we have a $240 million market cap then it would mean gold is around $700 or $800 an ounce...highly doubtful gold is going there. Say we have 1.5 million ounces combined end of month at $1k gold that is NAV of $1.5 billion. Using a discount to NAV of .70 puts us around $1.05 billion which is still over $2 a share. Gold producers are getting cheaper by the day...gotta love it.