Blasutti made a good deal (a life saver for RX shareholders). I've never complained about him because he was not with us at the time. I think the current management knows exactly what they are doing. Whether they make us a lot of money or the price of silver makes us a lot of money,either way USGIF is a solid investment at 3/share ,imo. I think the potential could easily see 5/share in 2013 ,probably in the latter half.
Downsideup has been trying to make us realize that the intrinsic value is not attached to individual common shares.So far ,that could be proven valid, but I disagree with his prognoses for the future. Blasutti and his people did exactly what most miners would have done,concerning my biggest criticism (options) .I've pointed out to them that the best advertising for this company (which is Blasutti's promised mandate) would be incentive options given to Directors and Management at 100% above the current price at the time of issuance.
This does not follow usual standards in the industry. EXACTLY why they should do it,when the time comes for awarding options.
Options to Directors and Management are not bad.They insure liquidity and strengthen insider ownership .IF ,they are awarded at double the current price,then the incentive for management to do a great job ,not just an adequate job is present. The incentive towards common shareholders to buy ,is enormous . It builds a base. It builds confidence for everyone involved and that makes our book value rise which makes our assets more bankable ,which makes our company better able to buy into great deals.
IMO,this is the financial side of how US Silver&Gold could become a 10 dollar stock .The other side is of course 50- 70/silver maintained over a year with futures holding steady.
I'm very bullish on this stock in 2013.Even if ,silver does not take off right away,I feel sometime during the year it will. It should . Those that are shorting silver and gold will likely pay more attention to shorting gold ,imo. Silver's Industrial use fits more in line with institutions that are promoting fiat currency.
AI
