posted on
Oct 23, 2007 03:46PM
Frankly I see the relative small amount of institutional ownership as a plus at the moment ....for when they really start buying this stock it should have a nice upwards "pop". This stock really strikes me as an undiscovered entity. I can only wonder too how many companies are scanning the horizon for a buyout of a company like this. NXG, in particular, has over 315 million in cash and is in need of a company like this after the environmental panel in British Columbia gave a non-recommendation for the Kemess North mine. And they would love to buy a company in Mexico. But who knows? I doubt that it will happen, but then anything is possible. If so I would want 2.00 to 2.50 a share, minimum ......notwithstanding a hostile takeover, of course. Regardless this stock will do well on its own. Insider buying is always a good thing. (But I'm not sure what is holding this stock back some. No worries. The market is never rational. Patience, as always, will be the key to being rewarded.)