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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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To: marcos who wrote (61812)10/22/2008 11:19:00 AM
From: que seria2 Recommendations  Read Replies (2) of 78410
 
I feel your pain, marcos, for exactly the reasons you give. Worse yet, I've long expected deflation prior to severe inflation, and was still caught offside by abruptness of debt implosion and the rush to rescue featuring the anti-gold in the starring role.

Keeping my small producing E&Ps that are set to add to production, and most of my junior gold explorers. Have added to Troy based upon production projection and cash, and have taken starter position in Centamin based upon huge forthcoming cash flow without debt (the hit they took getting to production was in dilution, not on their balance sheet).

With slight remaining cash I'm going to keep an eye out for entry into other gold producers with market caps that are not much higher than their cash, or are small in relation to expected profits from near term production. On list now to watch are RIC, OSU, EET, MGG, LTO--but they don't quite match my profile for a bear-market-junior gold producer. None appeals to me yet. I consider HAT a huge buy here (1.50-1.60 area) for a 1-2 year payback, but I have all I need and am seeking earlier market validation of my purchases.

Sounds as though many of us are interested in same type of refuge in small producers, leaving money pre-positioned for any snap-back in share prices. No point in speculating on discovery at high risk of loss when market offers little or nothing on the upside for explorers that get good results.
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