RE: RE: Promising Outlook for MOK Hi Trappist,
Thanks for your thoughts. My reason for (at this point) preferring MOK over WDO is that I'm guessing that owning MOK I'm going to become a WDO shareholder one day. If my hunch is correct that WDO might offer to buy out MOK's minority shareholders, then ... well, WDO has no cash to offer -- but they might offer WDO shares to MOK's shareholders.
But don't misunderstand me. I like WDO too. When I compare Wesdome to some of the other smaller Canadian gold mines, WDO has a great track record of careful cost control and steady reliable earnings. They've even paid a few dividends over the past few years -- a rare achievement compared to their peers. Yes, I think that WDO will do well, and I'm look forward to perhaps becoming a shareholder of WDO one day, via my MOK shares. For me it comes down to leverage -- my hunch is that by buying MOK at 15cents, I'll end up one day owning more WDO than if I buy WDO at 45 cents.