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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: GVinvesting who wrote (47263)4/1/2012 9:38:38 AM
From: Madharry  Respond to of 78748
 
welcome aboard. I listened to the MIL conference call . Mr. Smith seemed pretty excited about the Pea Ridge development though he noted there is a lot of work to be done to bring it back into production. He again talked about his plans to model his company after Nobel Trading of HK, and that that was what he was aspiring to. Sounds to me like he hopes to stay with the company for at least another decade or two. He again stressed that what he liked to do when purchasing an asset was not by enriching the existing owner but by putting money into the project and growing its value. That was music to the ears of this value investor/speculator.
CMP-un.to continues to sell at about 35% discount to NAV.

Despite the decline in AAB.to they acutually sold one of the temujin propects to another company for 20 million share worth around $6.6 million with another 15 milliion shares possible depending upon how much gold is discovered there. They still expect to IPO temujin in 2012 so that should increase the nav of the company by 2012 year end.