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Gold/Mining/Energy : Andina Minerals
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From: james flannigan11/25/2009 11:01:10 AM
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HOW IRRATIONAL IS THE MARKET ON ADM?

2007 ( before the world was ending in 2008) ADM outlined what looked like a 4 million oz deposit at the time.Stock price high $5.00

In the same year Veronica Hersh puts a take over price on ADM shares at $8.50 gold was about $500oz.She thinks Kinross will buy ADM.

2008 March Panic hits the markets,the sky is falling,the world is ending,no one is ever going to make any money in the history of markets,the dow is going to 4000 ( Roubini),the whole US banking industry is bankrupt(Merridith Whitney)

The facts today, the world did not end,the Dow is 10,500 Gold is close to $1200 and ADM has now MI about 14 million oz.The stock is no longer $5 but $1.60

Conclusion: 4 times the amount of gold at Volcan

twice the spot price post 2007.

Drilling underway to expand more oz

And 70% discount off the 2007 stock price.

NOW THATS WHAT I CALL IRRATIONAL!
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