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

To: PaperPerson who wrote (49048)	9/17/2007 8:49:22 AM
From: stuffbug	Read Replies (1) \| Respond to of 78410

Yes, I would recommend that anyone interested in Pinetree study their financials in detail. I think the stock is still grossly overvalued. My guess is that it is trading at about twice book value or NAV. Pinetree uses margin to goose returns, which is great on the way up, but death on the way down. During the recent selloff, management admitted that they had to sell shares to meet margin calls. And one last thing - the technicals are atrocious. In the words of Cramer, DON'T BUY, DON'T BUY, DON'T BUY. There are much better ways to play the bull market in resource shares.