Appreciate you sharing your views. I agree that with the spot price of gold below $1400, the entire industry is mostly dead (profit wise anyway) and it could get worse before it improves. I am still nibbling here and there anyway. I believe by the time the herd starts moving with an analysts "all is clear, time to buy" call, the best buying opportunities will have been long past. I read your posts on several other PM boards, and in general agree with most of them. The (sick) amount of $$ I've made on EXK alone, allows me a fair amount of freedom to wait for the PM sector to find it's legs again, without worrying about it if it takes a few years.
I am seeing this MXOM/CRCUF merger as one of those better than average opportunities now, with a very very good chance for a double or more by the EOY. The downside on owning MXOM at these levels is if the merger falls apart. At that point I may take a small loss or choose to be stuck until the next offer comes along.
It seems you disagree. Where/what do you see as the pitfalls I may be missing?
