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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: Rocket Red who wrote (47036)	3/29/2006 10:56:00 PM
From: DetectiveT	Read Replies (1) \| Respond to of 313662

RR I read MGA's last NR and I did not see mention of a U property that was being developed into a resource. Yes there are a number of prospective U properties and targets. There is mention of a Coal resource which I cannot value. Based on U, gold and copper holdings as there was no mention of a U, AU or CU property being DEVELOPED. It seems loaded with prospective goodies but I am not so sure it merits a C440M$ market cap. Even if I knew that quality of management was equivalent to something like CKG's , I am not so sure I would buy a stock with this market cap. I have seen a lot of second class(not necessarily MGA) stuff fly in the last few months almost only on good promo. The big test for stuff like this will be how well it holds those gains in a real correction. In a frothy bull run folks(not sure we are there yet?)forget about conservative valuation methods. This was certainly the case in the dot.com bull. DT