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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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To: marcos who wrote (30182)1/18/2007 4:52:09 PM
From: loantech  Read Replies (2) of 78419
 
Had I held to this day my original position in MMG and GGC and not gotten fancy by trading or looking at other stocks I would be up MUCH MUCH more $$$ than now.

I am holding the ones I think are good. I have to quit churning. When I trade I never give things enough time to work.

Each time I sell 5-10K of MMG and then buy back 5-10 K of MMG my timing sucks. Same as on the others.

My parameters are just too narrow I guess. For instance GGC has Liller and low # of shares out and a mine in place. Why buy SPM they are not mining, has 2-3 times the shares out they go to the well etc. for more shares.

Of course others see SPM as the better deal such as CC and he may be right.

WGDF had 3.5 mill ounces of gold and is much closer to mining than Cumberland. In fact a lot of studies have been done but let's see what costs end up being in the Arctic. RIC has little reserves and on and on.Hard choices.

Too high a multiple. In South America where things are changing. No reserves. Too many shares out. Many variables.

MMG, POM, GGC, WGI have the goods in the ground. GGC proving up more. Will be interesting to see next drill results. The last ones were very good IMO. Same with WGDF. MMG and POM really do not need to drill that much more, unless MMG wants to expose a lot of silver. <G> But MMG has at least 5 bill lbs of zinc. All of these should be a mine by the end of 2008 except MMG which will take longer but they have the most metal per share I think.

Others do not agree but I see value in these plays. I will add WDO soon also.

SNS is a short term momo play.
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