RE:RE:RE:RE:Current Status ?Hey shylock -- excellent post as usual. Your analogy to a garden reminds me of "chauncey gardiner" (peter sellers) in the 1979 movie 'being there'. "Chauncey" is a simpleton gardener who, as the movie unfolds, is regarded as a sage and personal confidant to the richest man in the u.s. His analogies of the economy and the state of america to gardening are considered insightful and almost prophetic. Btw, I'm in total agreement that alexandria's share price will "grow by a very substantial amount". Jmvho.
goldopp
Shylock said:
"Yes, precisely, that is the point.
We are in a dry spell right now, the whole sector is, but when the rains come again, which they will, the grass will grow and the flowers bloom.
Applying this analogy to the junior golds, the companies' share prices will rise as the price of gold turns upwards. The whole reason for buying these junior golds is that they are highly leveraged to the price of bullion so that when the price of gold rises "x" amount, the share prices will rise "a multitude of x."
For example, a number of junior golds increased massively during the period 1976 - 1980:
• Lion Mines – 1975 price: $0.07 / 1980 price: $3.80 i.e. an increase of 5,328%
• Wharf Resources - 1975 price: $.40 / 1980 price: $5.60 i.e. an increase of 1,300%
• Azure Resources - 1975 price: $.05 / 1980 price: $1.09 i.e. an increase of 2,079%
Now, these are truly astounding gains and not all junior golds are going to see them nor did all the juniors in the past see them. But by every metric we know so far (that has not been massaged by EO) there are plenty of reasons to believe that as gold rises (the rains come) the share price of AZX is going to grow by a very substantial amount!"