Marcos from the other board:
<Should be fine, all's well that promises to end ... so what would tempt you back into mmg, lt ... you're strictly producers now, and strictly precious metals producers at that, right ... you know how there's a whack of silver involved here, but also how the value in zinc/copper/etc is likely to exceed it, and it sure is some distance from production at the moment, lol
Catch a developer right, and it moves better than anything ... remember how this one moved, from the time in '05 when the fellow who inherited Britannia was knocking it back and trying to take control, into the heady days of Hommelpumpen only a few months later, that was a good solid multi-bagger and fast ... zinc was in fashion then of course, and now it's out, however that means the next notable swing in the cycle is upward, while the project is considerably more advanced, and the stock is sure cheaper
It may be early, more rough patches to go through, i'm real aware of this ... you know how i tend to like developers, well at the moment producers still form majority of p.f., your Richmont one of them ... took a big hit on mmg last year too, ouch ... but it's hard to ignore now at this market cap, with the whole state of the situation, chart turning up, resource calc on the way, world maybe [?] picking itself up and getting on with life ... Anglo getting cash while Skorpion is running out of ore, that's become a recurring thought, wonder how significant it will prove to be, and what other bidders are out there
Looking at your Hecla too, thinking of blowing out a couple small positions and getting some ... tend to like the US listings now, this is part of the attraction to Metalline over say Terrane, allows me to effectively short the US dollar against loonies, without using extra buy power, because of the way canuck brokers work
So you wanna race? -g- ... 3-yr weekly is definitely in your favour -
stockcharts.com;
I would need to see some great results on the silver side, definitive word on when the feas is to be finished, and a plan on how to survive with low cash balance.As jack has said maybe ship some of that high grade ore? Do a partnership JV now with a mid tier or senior?
RIC may have more room to run and HL well that is a highly leveraged but risky stock. HL needs cash too just like MMG. But HL much more advanced of course.
A good resource calc and MMG could be bought on that basis alone as they may get sold if they cannot continue.
Tom |
