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Gold/Mining/Energy : Gold and Silver junrs- portfolio -- Ignore unavailable to you. Want to Upgrade?

To: PaperPerson who wrote (57)	4/4/2008 9:44:41 AM
From: tyc:>	Read Replies (1) \| Respond to of 328

>>I am concerned that the group is doing all its buying right now. I think gold will probably get down to $850 and that this summer will be a better time to load up. >>Is there room for warrants in this club or is it just stock? The PF was established with capital of $50,000. So far we have invested less than $20,000. FWIW I don't share your view that market timing is worthwhile. It would help if a posting suggesting an addition to the PF began with the appropriate symbol. For example your posting might begin with "TSX:KXL" Re warrants: It's you club ! Suggest whatever you wish. We can rely on the club to indicate its wishes in the normal manner. (Leverage is a two-edged sword, and the common stock of these juniors provide plenty of it IMHO, so I shall not give a recommendation to a warrant purchase). Re your expectation of a fall in the gold price.... the PF will accept shorts..... I am looking forward to somebody recommending a short sale if only to add a hedge to the PF. If you want us to short-sell Goldtracks do recommend it. and see if you get the required 3 rec support.

To: PaperPerson who wrote (57)	4/4/2008 11:23:09 AM
From: PaperPerson	Respond to of 328

re TSX:KXL I forgot to mention that there is a high likelihood that the company will be split into three separate stocks -- gold, base metals and uranium. I consider that a plus for the club and a reason for including the stock. also worth noting, the market capitalization. This one has 88.3 mm shares currently priced at c$2.63. So the market cap is C$232 million. I consider that quite reasonable. I would not be surprised if somebody like Goldcorp was sizing them for a billion dollar tux and thinking it would be cheap at that price. Michael