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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?


To: Aragorn1968 who wrote (536)9/21/2005 4:32:43 PM
From: loantech  Read Replies (2) | Respond to of 78419
 
It is a funny world out there. Neither CGE nor TK has started drilling. Many may fear a NW repeat. Makes for a good buying opportunity if one is so inclined. Both TK and CGE have good management and a bit of cash and good surface samples and some from down deep.

So........ I like em.



To: Aragorn1968 who wrote (536)9/21/2005 4:37:22 PM
From: Claude Cormier  Read Replies (3) | Respond to of 78419
 
Aragorn,

Grass root exploration plays are extremely volatile moving up and down on demand from speculators or on good or bad news. Gold prices have barely nothing to do with them.

Some juniors grass roots have gone from pennies to $20-$40 while gold was plunging 25%. Discover gold and you get premium in the gold stock, get bad results and your stock is dumped despite advancing gold prices.

CGE is a grass root exploration stock. TK is a grass root exploration stock. BCM, VYE, CKG, OZN, CLG, ANO and so many others are developing gold assets, they are no longer grass root, but they were once.

You buy a stock like ANO because it has gold in the ground and advancing gold prices help the stock. You buy a stock like CGE because it may find gold in the ground and then explode upward no matter what gold does.

A balance portfolio will have stocks in these two categories. In periods of bull market, it will have also some producers.

What will be the stock price of VYE or OZN..or... if gold moves to $600?

What will be the stock price of VYE or OZN..or... if gold moves to $400?

What will be the stock price of TK or CGE if gold moves to $400 but they find 2 millions ounces?

What will be the stock price of TK or CGE if gold moves to $600 but they find no gold?

Enjoy this bull..



To: Aragorn1968 who wrote (536)9/21/2005 4:48:40 PM
From: Zincman  Read Replies (2) | Respond to of 78419
 
Yes- Strange how these jr's respond to the rising POG.

As a novice investor/speculator, MVHO is:

There has not been any real good news come out of them since BCM. I think the lack of good news from some, and any news from others, is causing a crisis of confidence in some plays.

For example: Many thought NW would at least of found something below the surface- Now that they did not, and subsequently dropped their option, many are taking a close look at their PF's exposure to these type plays.

Also, with gold breaking to new 18 year highs, many investors might be moving to companies with known resources- thus reducing risk w/ drillers.

O/G and energy is sucking money from all sectors.

Seasonality uptrend falling off here.

Add all those together and you get the small selling we see.

I'd be more concerned if we were seeing large positions being liquidated.

JMVHO,
Mac