Roebear:
Barrick Gold, now, Echo Bay, should the advance in price be both rapid and robust. Battle Mountain Gold is also attractive. Frankly, the entire group offers compelling value.
Before committing capital to another company, I would speak to management about working-capital resources, possible mine closures, and other contingency plans they entertain in the face of current gold prices.
A clearly defined and articulated plan suggests management is capable and ready to take advantage of better times ahead as well. Be tough, but fair and considerate, and get the answers you want. I've learned as owner to act as owner in all correspondence with my companies.
Yours, a fellow owner of HL, T.V.H. |
