All of this is priced in. For instance, if the report
had been in on time (by May 1st) and had come out with
the 6.4M proven, it would already be a $1-$2 stock,
maybe more. But everything which has occurred up til now
helps to hold it down--and the SEC scolding is just
another item. If the property were in Canada rather
than in Bolivia it would probably have run up past a
buck, if Guido's name were something different...the
list goes on and on.
<"It makes me say no thanks.">
there are a thousand ways to make money in the market,
if anything at all bugs you, definitely move on to another
idea! You will do well just by avoiding the worst of the
traps.
For me the risks are all built in, and with my most pessimistic
valuation of the company as things stand right now I get a
target price of a buck a share--I gave them no credit for
anything but the 6.4M, and then I cut my target by 2/3rds!.
Good luck, but if you don't like the feel of MINE, then
find some better ideas--but even for a daytrade Tuesday,
with the long weekend for the idea to cook, and the huge
proven number, I think you cant beat it. |
