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Strategies & Market Trends : Ride the Tiger with CD

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To: Mario :-) who wrote (54071)6/7/2006 3:29:01 PM
From: zoo york  Read Replies (1) of 313012
 
Hi Mario!

I have noticed that OSK tends to trade in a tight range for several months before exploding to a higher plateau. The news they are reporting on a regular basis has been above expectations, and they are aggressively advancing exploration. The company has targeted a 4 million ounce gold deposit based on past exploration data, which is significant to begin with, but they continue to hit new zones and extend the limits of the deposit area, so that it is quite possible that the final resource they are able to prove up could be as high as 7 million ounces. They control more than half of the outstanding shares of the company, so there is no chance that a hostile takeover will sneak up and steal the project before a nice payoff when it goes into production. I have just a couple thousand shares in my PF but I do not have the cash lying around to add to my position now while it is still cheap.

cheers!

COACH247

PS: For full disclosure, I believe that OSK is going to become a sponsor of my website, although I do not have a relationship to promote the company.
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