hi guys
in response to
by
posted on
Nov 20, 2008 08:24AM
Focused on becoming a near-term Gold Producer
still reading this board even whitout a position in sage anymore.
have to put my 2 cents this morning .
i was right getting off in objectif to re enter very very low.
at this point i still believe that sage is part of a discussion regarding the golden mile/extention whit 1 or 2 major and will be part of a take over if the proven resource is anywhere near economical.
for the very same reason i think they will not have problems to raise more cash when they will need it .
tax loss season plus a monster cataclysm in the car maker industries will bring this entire market much lower and we will see the dow between 5500 and 6000 points before february in my opinion.
i will take a position large enough if sage ever touch 2 cents no question asked
regarding general motor (even if this is not the hub for it) ----(by the way everything that could have influence on this stock share price should be discuss here , what was that idea amigo?) a bankruptcy will happen whitout a doubt.
if you just think about it
1-all the pension plan is stroking them
2- now that they have so much people to pay for in this program they had to automized and the cost of this operation is choking them
3- they didn t adjust to the consumer demand and at this point it is to late to do anything.
4-even the carmaker cie that are on consumer demand target are hammered and their sales are way way lower than needed.
as you see no way there for a miracle and finnaly compare whit others in the same group (transportation)
did you notice they almost all gone bankrupt yet
all of them aerospatial , truck builder, railroad corp etc.
automotive is next no question asked.
the kinross transaction whit tek gives a new value window for juniors value and this is nothing to put a smile on juniors shareholders but this is all short-to mid term and this is the true opportunity the real inverstors whit a little cash flow could dream about
if sage ever trade around this 85 cents level from today to a 5 years time frame a 2 cents-3 cents cost price will be a huge huge huge gain and i think that this is a very good gamble.
glta
dmaster