Post by
chux02 on Nov 06, 2007 4:32am
Here''s a coulda, shoulda, woulda stock
At the end of August this stock was about $8.40 and today it's up almost $5 to $13 and some change. I'm terrible at trying to figure percentages but I do know that if you would have purchased this one in August you'd be smiling real wide right now in November and they're not even pouring gold yet. With all the big boys all moneyed up and looking for acquisitions I can't understand why this one hasn't been gobbled up yet. A completely new, from the ground up, turn key operation with a good resource base and getting larger. Either the asking price has, so far, scared em off, maybe it's the Mexico risk/discount, maybe it's the relative isolation of this project (tho I wouldn't think so) but I'm puzzled as to why this one hasn't changed hands. I would also add that the higher the price of gold goes the more attractive this one looks tho the more bucks (or whatever currency you're using) it's also going to cost.
Anyway, this has so far proven to be one of the better recommendations garnered from the newsletter I subscribe to. They still like it as do I but I swear from what I know and read, this one should be a PRIME take over target and it would seem to me that the closer to production they get the more likely this one WILL wind up changing hands. How beneficial that'll be to the holders of this stock remains to be seen.
Anyone else have any thoughts on this one??