Screaming buys, IMHO.
Very nice open pit deposits, plenty of room to get bigger, favorable jurisdiction, ready infrastructure, and being given away for a song.
There are 3 main advantages of pm stocks vs the metal. Income, growth and takeover potential. People will also not feel comfortable with 100% metal in the future.
The major reason IMO why gold and silver stocks are trading at a discount - please take a look at any analyst report. Read this report about GORO - right off the Internet. Target price $45.
If you truly believe in currency debasement in the future. There are only 2 investments. Metal and the stocks underlying the metal. There is no other investment.
If the US does ever default on the $100 Trillion in total liabilities. SLV and GLD will not be backstopped.
Thanks for everything you do on this website!
Maybe I did not see it on your list but its there. Doesn't New Gold have an exciting project starting cash flow in June? Should double cash flow in 2012.
Don't get mad at me if I am wrong - have little time - but I think the CEO of AEM, Sean Boyd just bought a lot of stock in his company. He may feel the same way as you, Eric!
|e: insider buying: CEO, 24000 shares|
|in Toronto, insiders have also been busy buying common stock. I see a huge short covering rally coming for the entire sector, and AEM might lead the pack. Kinross just delayed the rally: http://canadianinsider.com/node/7?menu_tickersearch=aem|
I found this on the Internet. Insiders, at least are buying the stock.
Eric, do appreciate your posting on this and other threads on the forum.
I did buy a chunk of AUQ last week, hopefully on it's low. Unfortunately both CGR & AZK are a loss.
It was frustrating to see AZK fall more than 3% Friday night with gold spot closing .62% up.
I do agree on KAM, which I planned to add last week, though it kept falling.
Another interesting Yukon player is GPD, which I believe is already yours.
I also keep an eye on NOX & TYP, both being a buyout target for AZK, depending on drilling results.
Came across Probe Mines(PRB) recently, looks interesting, promising resources, good infrastructure, royalty income and 35mio. in the bank.
AIA, should go in production end of this year.
TEN, royalty income and promising resources.
Godspeed to everyone!
You are correct sir.
The majority of investors hate the shares when they trade -50 to -80% lower, instead of buying, they curse the very idea of owning them, giving no consideration to the underlying value.
They will like them more as the penny names go to dollars, and the single digit names go to double digits. They will have reasons to become bullish as the prices go higher.
I think the shares bottomed a few weeks ago, investors will get more comfortable buying after some solid gains have been made, it always the case.
Need a lot of gold to keep 601 mil shares happy.
I think it is more than a warm and fuzzy feeling. You picked it, Minefinders.
Ding Ding Ding.
Sorry - after a tough year, one of my major holdings got bought out.
Romarco is a major holding of mine - only mention it because of Minefinder previously - maybe I can go on a little streak ;). Its a little under the radar of most gold bugs. Tocqueville Gold (TGLDX) is a major holder as well.