Frank, It's GREAT to see investors who are serious and not responding the the semantical bull shit as other re LARGE TYPE and SPEAKING ENGLISH. Someone is obviously not familiar with email. ANyhow back to main issue. Montello is a play, a legitimate play, once you weed out the peanut traders, ie the guys who buy/sell 1000-10000 shares, guys this isn't money. If MEO were to fall to .50, big deal you're down $100. Let's get serious. Those who have followed (a) Diamonds in Alberta for the past four years know what is going on and (b) play the market properly know what's up.
If you look at the past weeks trading, see the volumes and the number of trades, insignificant. As for Yorkton, remember i think about three years ago stock went from 27 -30 cent to .50, why Yorkton bought for itself 1,000,000 shares.
It is great for Ashton to report More Kimberlite reflections, they had to report something positive going into pdac. they need investor confidence, without they are a penny stock again. For what it is worth, here the deal. Ashton 52 week target, $8-$9.00 great its a double, may 200% if you're margined. Meo however (not marginable) 52 week target $8-$9. Look at where there's growth potential. All diamond plays are going to be the same, as drilling is for speculators. That's where the initial growth is. Bulk sampling is the next, however once that is identifed, and no one is going to be able to predict in 1998 whether there is mine potential for sure, too much work left to be done. Maybe 2-3 years for all companies to confirm and then comes the huge task of financing and how much has to be offered up for that kind of money. My money is on 1998, and when MEO hits $8 -$9 dollars, I'm out.(granted the number of shares i own, i'll buy a golf course) never the less, 1998 is the year. It may hit that as early as May - June, don't forget spring thaw, then resume in summer. PS I hope that investor with a fair stake, have it in Self Direct RRSP. Granted capital gains are great at we get to keep 25% tax free, but RRSP is the way to go and we get to pick when suits us best for tax purposes to take our money.Little of the topic, back to MEO, expect like I said positive news,It will break the illustrious $1.00 range, howmuch not sure, but a few macros in a news release and we are in the Bahamas.
Also, from an investment point of view, Bre X is history, fear if mellowing for speculative stocks and when all the big guys, Kaiser, Bishop etc are on to this don't think big money is soon to follow.
There are three real exciting areas for unbelievable growth, diamonds in Alberta, Voisey bay Juniors and the KLA's, WTC's, VEN. Look for money to start pouring in.
As for Redwood, excellent buy at under a buck, but the thrust of money and hence growth goes to the operating company, ie montello.
To look at Redwood vs MEO, Redwood was always and oil play, now their focus is Diamonds/ Smart move by MEO to do agreement with company like Redwood. Let's say MEO all of a sudden said that they were pouring 1.5 mil, plus maybe 5 more into a gold play wherever or copper , wouldn't you be highly suspect of their management focus and the companies objectives. I would be gone in a flash, that would mean, like redwood their initial focus is "fading, hence obviously not much there. Credit to MEO to stick with Diamonds in Alberta. They know, Ashton knows, Troymin knows, New Claymore knows, we all know what's their. Now we find it, and whomever has the biggest hit in their domain watch out. This is so early, but there is still great short term potential for the stock price. Beware the game of predicting the peaks and valleys, as most often the house wins. In Japan this is the year of ...., it Alberta this is the year of Diamonds. (and the bull, if you need an animal).
For those who don't care for my style or opinions, don't f... read them. When what is to happen, happens, I will be in touch, In the meantime, sit back, relax, don't panic when the stock falls 2 pennies, it's irrelevant, enjoy and call your travel agent. |
