Down vs Up.........
posted on
Jul 22, 2011 11:57AM
Maybe I have rose coloured glasses or something...but I can't see the downside risk at 6.5-7.0 cents so I have been a buyer for past 10 days at 7 cents.
My rational.
1. Juniors generally appear to be ready to make their move out of doldrums.
2. UC has excellent potential in ROF...one viable deposit and others to be explored...maybe sooner than we think...according to last financials we have $800,000 in the kitty with a 55% jv that translates to almost double...not huge but a start.
3. Sooner or later CLF will make a move on UC or someone else will.
4. Layesca will produce aprofit maybe not what we hoped...but with gold at record levels..I'm guessing somewhere between 1-3 million ayear?
5. Announcement on ROF infrastucture will happen in next few months...all these stocks are undervalued....greatly.
I guess I have waited this long...so what is another 6 months...this is a 7 cent stock waiting to trade at 30 cents plus.JMHO...so I am a buyer and have been a buyer at 7 cents....I would sooner buy before we make a run not after...but it is all a big risk anyways..it is JMHO.