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RED EAGLE EXPLORATION LIMITED V.XR

"Red Eagle Exploration Ltd is engaged in the exploration, development and permitting of mineral properties. It owns the California Gold, Vetas Gold and Santa Ana Silver projects."


TSXV:XR - Post by User

Comment by redfoxon Nov 05, 2005 12:34pm
391 Views
Post# 9827744

RE: cbj vs. glg

RE: cbj vs. glgOdzie: its a question of management, credibility, stability, "no surprises" and looking out after shareholders. Point 1 : track history speaks for itsefl ==> questionable - poor rating Point 2 : function of point 1 ==> questionable - poor rating Point 3 : look what has happened over the past year- not exactly stable, growth centered stock. ==> poor rating Point 4 : surprises galor ==> poor rating point 5 : biggest disappointment ==> poor rating So, to see this where it is does not come as a big surprise. Appreciate that I may view this differently than others. Really want to see a meltdown, look at the C warrants. Great (theoretical) option value if you believe in the longer term aspects of the stock. Unfortunately I think the market views the 5 or so points above, or some other barometers, in the same way as the warrants have tanked. Also gold prices are at an 18 year high, yet the company is struggling to break even. I would argue that these are not signs of a groundswell of investor sentiment in favour of the stock. Heck, even the last 3 or so days of trading with multi-million share days has done little to the share price. Now we will see a gradual easing until the next quarter. Nonetheless, hoping that I am wrong, and only one fools opitions.
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