RE: Stupid Cheap
Couldn't agree more about the cheap part. I think the major obstacle with CGA is the political risk here. There is fighting around mining in the Philipines, just not in our region. I think a lot of other gold companies in risky areas are getting the same treatment. There is real fear that these countries will bring in these super taxes that some countries have alrready imposed.
Anyway, this is my largest postion in my portfolio. This thing should easily be worth $4.
Another cheap company is CS in base metals. Building position now at these prices. Have 500 million in cash and no long term debt. An absolute steal at these prices if you see a future for copper. Trading at 2 cash when you back out there cash on hand.
Good luck to all the people willing to stick their neck out when others cower in fear. This is how you can make some real money.