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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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To: loantech who wrote (5539)1/28/2006 11:32:43 PM
From: mailcat8  Read Replies (1) of 78409
 
Regarding CAU: this is a pure political play--gambling on politics, legislation, and court decisions. Last hear I loaded up with 200,000 shares early enough get long-term capital gains tax treatment--figured that if a referendum they had on the ballot were to pass I'd have about $3,000,000. I figured the odds were about 60-40 inclined towards a favorable vote. Figured that Montana was a poor state sparsely populated where the people would vote for an industry which would provide jobs and related growth. WRONG! It went 60-40 the other way. There has been a fundamental change in the population and political stance of Montana--Montana is now dominated by transplanted west-coast greenie tree-huggers to whom "cyanide-heap-leach-mining" seemed to sound like a crime not far removed from pedophilia. It was one hell of a disappointment, but investment-wise I still came out okay--made a nice chunk by defensive selling prior to the election when the polls were predicting the bad outcome. CAU does have some other mining stuff going on and may be able to survive on that income--but I'd say don't waste your time on CAU unless you can see how the state government will allow them to do cyanide-heap-leaching on their major property.
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