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

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To: marcos who wrote (56774)2/21/2008 5:31:16 PM
From: ItsAllCyclical  Read Replies (1) of 78419
 
All the mgmt/insider disputes have been resolved. There's more focus on making the company an explorer and then selling the whole thing or pieces. Didn't follow them prior so I guess that's why I'm not discouraged. Although it does appear a hedge fund is staying short through this. It's far from my main play, but I'm getting to have a decent overall position. Looks like the Canadian juniors as a group are starting to wake up as well. So there's potentially more than just gold price as a catalyst. In the very short term it's going to be their silver recovery and how this is handled. Could see some institutional money come back into once this is clarified. Should/could be out any day or it could be months. IR didn't want to promise anything, but I get the feeling it'll happen pretty soon. Report could be negative, but at these levels I don't think there's much downside left.
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