I dont disagree, Wenderson. Of course, crazy things can happen. Anybody selling at these prices, given the fundamental situation and given the timing of very important events forthcoming(like valuation results, summer drilling, etc.)are selling for irrational reasons. And, as the bull market in common stocks is testimony to, there are a lot of irrational individuals out there. Nontheles, this is one stock which should be heavily accumulated at these levels, for on a risk reward basis, its a sinch.
I understand that the Debeers big shots (four of them, including Gary Rolfe and George Burns) were in the offices of MPV on Friday speaking with the venerable chairman Dr. Shatzko. Interesting that the South African and Canadian big wigs would stop in and have a chat with the company. I guess it shows they take MPV rather seriously. I know I do.
Take advantage.
Great article in the Canadian papers on the NorthWest Territory diamond play and DeBeers involvement. Seems like with the upcoming commencement of production at Ekati Mine, things could start happening in our , for now, moribund sector. |
