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Gold/Mining/Energy : International Tournigan(ITG.V)announces major discovery
ITG 30.230.0%Feb 28 4:00 PM EST
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To: keith schaefer who wrote (299)7/16/1998 10:58:00 PM
From: MWS  Read Replies (1) of 347
 
"But the reality of the market today is that these stocks have rallies and fallbacks, and if you don't trade them, you won't make $$."

You may not make dollars in the short term if you fail to trade into a rally, but there is always the buy-and-hold strategy which can make money long term if you've chosen the right company. Trading is a great past-time/occupation and many traders are astute market timers and can add liquidity to a market. What is unreasonable, IMHO, is for traders to start bad-mouthing a hard-working and honest management when a trade/investment hasn't gone their way.

I agree with you that the management of ITG is honest. As I've said here before, they turned their junior Au exploration Co from a speculative investment where they were attempting to find a mineable ore body, into a future mid-size producer by acquiring an existing pre-defined and economically viable project. This shows excellent management, IMO. Alot of the initial investors became interested in ITG when the speculation in junior golds was hot. As we all know, it is no longer a hot market. I became interested in ITG when they acquired a drill-proven project.

Remember when Ghana Goldfields was drilling next to ITG in Ghana. Which would speculators/traders/investors rather hold now:
GHN at $.08, which is probably overvalued(?) at a market cap of < 1M C$
or
ITG at $.80 which is clearly undervalued at a market cap of 27M C$

?
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