Kevin, for a sleeper metals play, sells @ .50, has 1.25 in cash, has good prospects if metals rebound, which I think they must at some point, MAENF. There has been some shareholder talk about taking over the company, selling everything and walking away with what would should be a 500% gain, based on true book. That figure could be a little more or less, depending on the sitrep of the metals market at the time of sales of property.
This is an example of momo in reverse, to say the least.
You can buy real cheap far out futures on au right now, and they are cheap, but I don't think it is time just yet. We need to see some currency problems, maybe we will get them from latin america.
We talked about copper futures at their low, and now, at their near term high. Now that was a ride. I am just about positive no one on this thread took a look when I posted about it. The profit is enormous, just like it was on crude futures when everyone was afraid to touch them, even with borrowed money. I know you know the score. It is that old saying,
""you can lead a horse to water, but you can't make him drink""... |
