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

To: onepath who wrote (56334)	2/6/2008 3:03:10 PM
From: marcos	Respond to of 78411

lgo.v - still holding yes, but keenly aware of the size and cheapness of overhang - 15m wts at .15 expiring late march ... they haven't demonstrated economics for PGMs at Maracas yet, but have a good crack at doing so in the next stages of drilling/study, the current trend of Pt will be helping ... V market doing well, they'll have no trouble doing offtake agreements, and this is enough to justify capex ... long run i really like Largo, want more shares, plan to bid low .30s in coming weeks and see what happens, play it by ear [big block trades could define bottom any day] cn.v - got a few 1.14s, should swing-trade this puppy, it's sure got the swing for it

To: onepath who wrote (56334)	2/6/2008 5:51:50 PM
From: marcos	Read Replies (1) \| Respond to of 78411

lgo.v - just looked it up, there were as of 31Dec06 19,138,000 warrants at .13 [not .15] expiring 28Mar08 ... some have been exercised, i think 4 or 5m ... originally it was 20m, from the financing two years ago when they only had Macuchi and were making a deal on Logtung/ND ... they just did a flow-through for ND at .55, if you take 35% off that for tax advantage it's really .36 or so ... they also have a healthy amount of options out, 6m as of last year's annual ... there is good value in it, the group has proven promo ability, ultimately i'm convinced they run it long and hard, after they have papered up friends allies and themselves thoroughly, meanwhile however that's a lot of cheap paper coming into expiry ... so this is the thinking that led me to add gqc.v, cpq.v, cn.v instead, for nearer term [it being winter and all]