WELL IT SHOWS THERE'S LIFE IN THE OLD DOG YET.
(and thanks Ragingjonn)
I would love to know the 'intrinsic' value of the Gold Mining assets at current value. If anyone can find out - please post.
I feel that gold is warming up to rise soon - certainly, one should be holding some gold mining stock after any further 'shake out' correction.
As I mentioned in an earlier post, I think it is the company which has been picking up the shares at these low prices because of the (known by them) value of the gold in their held interests.
I suppose if one looks at the current share price, it has only to move up to .0075 to double your money.
We have to wait now to see what the deal really is on the new company. If it 'plays the game' as we Brits say, it will be in the right sector to do well.
There is absolutely no doubt that Lumb (the guy at the top) is a ruthless, corrupt, scam artist, but that does not mean you can't make (or recover) money by tagging on to his tail.
There are few company CEO's I would really trust anyway these days. We are living in a world of corruption in high places - and that is not going to change in our life time - except get worse.
Lumb is obviously going to milk this cow some more, and he can hardly do that without pushing up the share price and getting some volume, and new 'traders' (amost said suckers)in there.
I did say that all the cards were still on the table with this company and there were 'possibilities' if not 'probablities'in store.
