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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: jennifersilversun who wrote (7250)2/27/2006 12:48:48 PM
From: ogi   of 78417
 
Hi Jennifer:

I was only referring to Tk's current drill program rather than the long term fortunes of the company. They have an excellent pipeline of projects and will be able to pursue them for some time to come. Keep in mind though that if Luminaria busts on these next holes, there is unlikely to be a sharp recovery just because they are pursuing another target. More likely the stock sells off then bounces around for a long time until they clearly demonstrate something of significance.

Weather you add on a drop, just hang in, or move on to make money elsewhere while they develop another project is the question.
I still hope this discussion is made irrelevant by the next assays but I am prepared for the worst. TK is the only play I have right now that I classify as a "naked drill play". In other words there are no holes already known with economic grade mineralization. It is still early enough in this game that you can buy companies with proven results at very low market caps. Buying cheap companies with known results eliminates massive amounts of risk and enhances the difference between speculating and Gambling.

Cheers,
Ogi
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