Post by
doer on Jun 22, 2010 8:06pm
Here I go again
Every once in a while I have to write something just to get it out of my system. It always has something to do with the fact that I don't understand why this stock isn't trading higher..... much higher! Here I go. They have the only operating tungsten mine in the Americas - China has stated that they will be curtailing their exports of tungsten so they can hang onto it for domestic uses - the price of tungsten is up dramatically - Malaga has upgraded their mill and it's capacity substantially - they are self sufficient in electricity thanks to a hydro electric project that opened last year and they sell the excess to the National Peruvian Power Grid - they have just received approval for adding a secondary Hydro Electric Generating Plant at their site - they own 40% for their joint venture partner that will develop the Hydro Project and will probably end up making more money from Hydro then tungsten - they are sitting on 70 plus veins of tungsten and are in the midst of defining more through exploration - and they hold 13% of Dynacor Minerals, a gold producer and refiner, with some very interesting properties under exploration, have I missed anything? Admittedly, they are not profitable right now, but isn't that the time when everyone should want to get in? You must know by now that I do own some of this stock (disclaimer) but give me a break, doesn't this look good to anyone else?
Comment by
cardshark1 on Jun 23, 2010 12:43pm
Totally agree that this play is worth the wait. My guess is the low daily trading volume and the high institutional shareholders (over 65 %) has kept this price down. Lets hope that we can take advantage of this low price for our benefit during the summer. Good luck all,