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cl001

12/19/08 9:38 AM

#10979 RE: kipp440 #10975

Well, my largest gold position is still AUY, bot at 4 and sold Jan 2010 10 calls at 1 dollar. My cost basis is 3 dollar, will likely to hold for a while unless AUY got taken out.
My second largest position is GORO. It had a lot of selling at 3, it looks like the resistance is finally over.
AGT has a lot of potential and could be the stock of the year in 2009. The problem is that 30-40% of its stocks are in very weak hands. I would wait for Jan, hopefully everything settles by then.
I really like SMC here. It is more advanced in the mine development than AGT and its management have more credibility. I am already loaded with SMC, couldn't buy any more. It should make me a lot of money.
NG's warrant price should set the floor of the stock. 1.53 CAD, is about 1.25 USD. I will buy at low 1's.
There are so many gold miners that are undervalued, I can't count. I just wish they wont' take off until 12/23. When I will get a big dividend from WEBB.

cl001

12/23/08 8:53 AM

#11024 RE: kipp440 #10975

AGT, 13D was just filed. St. Andrew is selling like crazy. That's probably the reason for the recent price drop. Sold 2.6 million to the market since Dec 10, still holding 20.3 million.
Lucky I got out at 30c with some profits.