Solid foundations. New horizons.

Free
Message: valuation

i see on this and other boards predictions of how high probe can go. on one side we have people pulling numbers out of their hat like 10,20 30 dollars and the other side saying there is no way this can go up more than a dollar or two more. i am not going to make a prediction because i have no idea what is going to unfold. look at a commodity like gold. who thought 5 years ago that gold would be at 1400 dollars an ounce but it is. under normal market cycles this would never happen but there was a combination of conditions some of which were extreme in nature that created a perfect storm for gold. probe is a stock that in my opinion is in the eye of a perfect storm. very low float on shares, four different projects all at the cusp of something great happening, three of them in gold, multiple takeover possibilities all combining with the hype that leads to frenzy in the commodity stocks. i didn't get into this stock to make a safe 10% a year like a bank stock. let's face it a commodity stock is very volitile both up and down. what i like about probe is the diversity of the four revenue streams and the leverage of the low float. the goldex royalty and chromite deposit offer insurance to the downside.the borden lake and lsg properties could be game changers. we know there is gold in both places but how much is the issue. so i am not going to put a limit on probes valuation. i am going to be patient and let things unfold and the market will decide what she's worth. swings in this type of stock tend to go way beyond what the fundamentals dictate so the trick is knowing when to cash in. there are too many great possibilities right now for me to cash in. my chips are on the table. let monday bring a smile to all our faces. ps for the doubters think back 3 years ago when noront was at 7 dollars and who would believe probe would be double the sp today of noront

Share
New Message
Please login to post a reply