Re: Here's The Scenario: $30,000 to invest in SFMI, GHDC, LODE Or?
posted on
Oct 05, 2011 11:59PM
I'll admit there's a little entertainment value in this but while we wait on news etc, I thought I would get opinions. I know I will ultimately make the decision but once in awhile someone brings up a point about a stock I haven't thought of and I value that input. Your response was also interesting today concerning GHDC. I find myself being a bigger supporter of GHDC as time goes on. My arguement for GHDC is that they have about a third the float of SFMI, no debt, will be receiving income of $83,000 a month, and will be able to put that cash every month into another mining entity, and not to mention all the properries they control on WEM? It just seems to me that PQ has these two entities so wrapped up with each that he probably will get the same amount per share for both companies.
The problem that concerns me about SFMI is the build up of debt and dilution. My bet would be that they will survive but will they thrive? Like BOUTS mentioned before, great company, bad stock. Load up SFMI with the debt etc and GHDC will be the winner? Not trying to hate on SFMI but that's the way I see it now.
Not trying to hate on SFMI tonight but they do have their work cut out for themselves over the next year.