posted on
Apr 04, 2008 04:37AM
O&L...Minefinders (in Mexico) is one that comes well recommended by Jim Puplava (the CEO was interviewed a month or so ago on the FinancialSense audio segment). I believe John Doody owns it in his top 10. I was impressed with the CEO's presentation at the AMEX show (You can go back and hear the audio on that). The mine is built, the "i"s are dotted and the tees are crossed for production this spring and it has good institutional ownership. Management is proud of the fact that they have done their financing with minimal dilution of shares. Like KRY, it has been knocked down by the hedge funds. It has take-over written all over it. I may start hedging my KRY bet with MFN if we don't get some meaningful information on the permit by the anniversary of the payment of taxes\posting of bond last year.