Your cautionary statements are appreciated,
although I have to say, it is almost like
you are trying to talk the stock down.
Trying to pick up some more shares but
annoyed that it keeps jumping up 10% every
couple days? ;-)
I think it is prudent to view any penny gold
stock with a healthy dose of scepticism, but
we know that there is some value in GE's claims
and contracts, so even if the new samples are
disappointing the downside risk is not huge,
maybe we go back and test the lows, but this
wont go to zero. Clearly there has been
quite a bit of groundwork laid--it would not
surprise me to see one of the big gold mining
companies sweep in and buy everything out,
making any concerns about GE's itself moot,
I mean if Newmont dangled 100M in front of
GE, don't you think they would take it? I
could live with a buck a share (although the
aquirer would be getting awfully cheap gold
if reserves are proved...)
Now, will the new numbers be a disappointment, I
rather doubt it, I would guess that you don't
pay for 1000 tests to see if there is gold
there, they know where the gold is--you pay
for 1000 samples to build credibility and just
to be sure you direct the most effort toward
the best holes--no sense in leaching anything
but the highest concentrations. Thoughts from
you gold experts out there, seems straitforward.
Finally, will some selling soon slow the stock's
ascent. I for one will take some money off the
table above 16 cents, that will have paid for
my bet. But I am sure there are a lot of people
getting ready to cash in 50k shares, but it is
kind of a pittance. We watch a million or two
shares trade hands each day, but that is not
very much money--$140,000 at 14 cents right?
ha ha ha, if MINE ever gets on the SI hotlist,
or ever gets a visible mention on CNBC or in
the Journal, imagine if some real money tried
to pick up shares! There are not enough shares
available for real money! This thing would just
gap up a dime...or more.
Just my thoughts, hmmm, chart looks good lately. |
