Re: Jimmy buying more at market !!! which again shows ..
in response to
by
posted on
Apr 25, 2010 02:08PM
My understanding of JIM V's business plan is that he has a long term perspective...some of his recent buying no doubt speaks well of progress at La Yesca...but keep in mind that he is building something of value for the longterm. Cash flow from La Yesca is only a start. The cash flow from La Yesca may only be 3 million to start but with more exploration and maybe another producing mine or two in a few years that cash flow could build to 10-15 million..it will all take time. I think the potential cash flow could be 5-10 cents a share in a few years...what would that mean to the SP or potential dividends. Plus we have the huge potential upside of ROF which could take a few years also. UC is one of a kind among hundreds and hundreds of speculative stock plays.
My point is Jim is buying for the long term...I think that should be the perspective of the majority of investors.