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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Knighty Tin who wrote (32512)6/22/2005 6:05:36 PM
From: Earlie  Read Replies (5) of 116555
 
MB and Gang:

Have been tied up putting a couple of new junior deals together over the last several weeks so have not had much chance to post. Both are moving along splendidly now so will try to get on more frequently.

On another topic, you (and several other of the thread regulars) might recall that I have maintained a solid interest in (and an equally solid ownership of a junior gold that I think highly of called Greystar Resources (GSL-TSE). I suggested it as a good spec back on the Clown thread when it was around CDN$1.00. Delightfully, the company has done precisely what I thought it would do, which is to drill up one of the largest gold deposits seen in recent times. The stock has already been more than kind to my gang (a multi bagger so far), but I think we will shortly see a bidding war break out. It is fairly well known up here that the stock has been under accumulation by some big miners and I think sooner or later they will step up to the plate and bid for the whole company. The stock has been extremely active of late and really jumped today. Might be one for those who like the yellow dog to consider, given the above. I would be surprised if the bidding did not result in a nice double or better and I think this could happen fairly near term.

Best, Earlie
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