RE:RE:Greek governing party are dumb and dumber I won't drag this out much further other than to add a bit
of meat to this notion. ELD is one of many gold stocks I am
bullish on, Newmont, Brio and B2gold are mid levels I like as well
but I have always kept a speculative stock or two in my basket, especially
at gold bottoms. I look for cash strapped heavily debted producers in year
one or two of production with good management but bad luck. A flood for example
that cut the legs out from under CPN and caused production delays. Time is money
in mining and any delay can push juniors to the brink. Then I wait for the push back
take CPN as a prime target, two new licenses in Romania and Brazil, mid level resources,
funded by an Australian bank that knows gold better than most, one of the exploration world's best
prospecters in Randall Ruff, 250% uptick in share price in the last two weeks off 100M shares traded, and so on. It's a risk/reward hedge I can't pass up. 1M shares for 25k with .40/share in it's sights and
my god if ELD who is right next door were ever to buy that sucker out!! Talk about being hedged and padded and tucked in all at once. ELD gets a great managent team, 12M or so mineable resources 1.4 B lbs of by-product copper, Randy Ruff as a sweetener. 25k as a risk can yield 400k and protect against any losses a drop in Gold might bring. Only opinion. I like to hedge with high return gambles it makes life more fun. GLTA