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Gold/Mining/Energy : Midway Gold
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To: hugh thorne who wrote (1031)11/2/2008 6:58:18 AM
From: james flannigan  Read Replies (1) of 1035
 
Hugh. A much better buy is Andina minerals ADM.V. They have a 14 million oz (not all yet in 43-101) resource.The in ground ounces are trading for $2.00 per oz.They also have C$ 25 million in cash.ADM just prior to the credit crisis had 3 stand still agreements in place with major mining companies.

The market spooked off a take over bid.But we seem to be getting into a more stable market in the past few weeks.My understanding is the majors are still doing DD.It is possible we could see a bid in a few weeks if conditions improve.

Stay tuned.

James
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