Gold Reserves Limited GLR - TSE Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Reserves Limited GLR - TSE

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Tim Cruise who wrote ()	2/1/1997 11:35:00 AM
From: Tim Cruise	of 406

Looks like the stock bottomed on Friday. I was wondering if it would test it's 52 week low of 9.50. It obviously didn't, as it opened at 9.75 but bounced back quickly. I think things look really good at this point, so I bought in the afternoon at 10.50. Think about it: 22.6M shares outstanding at 10.70 is a market cap of about 240,000,000. 6M ounces of gold in the ground, gives a market cap per ounce of about $40 per. This is really cheap, considering the norm is about 80 per. Once a press release comes out confirming the reserves, and announcing permits, 20 is not out of the question. Good luck. From the floating rock - Bermuda. Tim

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next