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Gold/Mining/Energy : Andina Minerals
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To: james flannigan who wrote (71)9/19/2008 2:08:26 PM
From: pogohere   of 106
 
Inca Kola News opinion about Saville's rec of ADM

Steve Saville, you're wrong about Andina Minerals (ADM.v)

"This morning a friend mailed me an extract from newsletter writer Steve Saville's report dated September 17th 2008 to ask my opinion. The company he was writing about was Andina Minerals (ADM.v). I considered reporting on his thoughts here, but although Saville clearly states his copyright principle in the newsletter I've decided to quote verbatim a single section of his more extensive section on ADM.v because it's necessary to see what he wrote. I stress that I do not take this kind of copypasting lightly (this is also why I decided not to write on the subject until after the bell today) and there is plenty more written by Saville on ADM.v in his report so it's necessary to see the whole context, but my particular issues are based around this section that says:

ADM has close to 10M ounces of in-ground gold in a single deposit in a politically secure location
( Chile ). And at its current share price this gold is being valued at only US$8/ounce. If we weren't seeing it with our own eyes we would not believe that it would be possible for such a large and high-quality gold deposit to achieve such a low valuation.

The reason I have issues with this is that it's a crock, and somebody like Saville has to be better than this. He has gathered a large following around him, he has skin in the game, and by the looks of the market action today those of his flock that waded in on his advice at the bell got well and truly stung."

incakolanews.blogspot.com
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