what next?ok. i see i left the boat early as always. since I sold 2 months ago it is up 60%. jeez. and I had the stock for 3 years. congratulation to all patient holders here!
in any case I swapped my money into NAR (as I suggested here) which is up even more - so no hard feelings. my reasoning was that LUC may buy NAR after Lamb joined the board and i wanted to be in the acquired company rather than in the acquiring one... there was also ton of insider buying. and then the study came better than anyone dreamed.
but now with the LUC debt cleared and the EV where it is ($500M+) I think this may not be the case. I remember Lucas saying that they would be thinking about GEMD when their currency (read LUC share price) is high enough. that is the case now - and on top of that GEMD is cheap as hell (only about $270M EV!) the Ghagoo project is running on plan and it is located in Botswana where LUC is comfortable. I am thinking something may be boiling here. thoughts?
p.s. of course i already bought a sliver of GEMD just to get me sucked in...