Still like MAENF? I think while I was playing
with that penny, MINE, I found Miramar, either
from you or somebody else on SI, it fit my
bottom fishing style of investment and as
I learned more about it I loaded up. It
represents a quarter of my portfolio (happens
to be one of four stocks I own) and I have it
at a basis of 1.9. Anyway, when I looked at
the numbers I think it was at book value,
lots of cash, and the proven gold was only
valued at $50/oz.
So a question for you and the rest of the
thread is this, there seem to be a lot of
these gold stocks which are cheaply valued,
but then on the other hand, they really
don't become profitable unless we see
gold up around $350. Does it seem okay to
buy them because of the cash etc they have,
that is, because they trade close to book,
and then hope we someday get a rally in
gold.
Finally, with buba perhaps moving gold maybe
there will be a shift in sentiment around the
world, and perhaps places like China will
move some of their dollar reserves into gold?
I realize I should have posted this on the maenf
thread, but since I also wanted to ask those
questions I thot it would be okay here... |
