Hi all,
There is some speculation in the Financial Post today that Monday might be another blood-letting day, particularly since now there is speculation form John Kaiser that the cores of Bre-x samples were indeed spiked. Doug Leishman of Yorkton Securities has increased his likelihood of disaster counter from 90% to 98% or 99%. It will be ominous, and why wont Bre-x drop further on Monday. If there is nothing there, then we still have a market cap of $500M or so, which seems quite large for a company which only owns "Moose pasture". High on my buying list next week, should prices drop further, will be T.CTQ, V.EET, V.MFL, T.NSU, V.FGX (I might add some V.OGO should it drop to $1.50). I never thought I would see such opportunity again this summer. For those juniors that have already done a significant financing, are not in Indonesia, and have an exploration program underway, this is a little bit like taking information back in time by a couple of months. Maybe I am dreaming, but if your portfolio isn't margined, and you don't own Bre-x, this is a good time for speculating, because we certainly are approaching the moment of optimum pessimism.
Best Wishes, Robert. |
