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Message: Not Long But Not Forgotten

Not Long But Not Forgotten

posted on Oct 19, 2008 07:18PM

Not Long But Not Forgotten. I have not forgotten about cfo. but like most junior golds, it has not been a good place to be with one's money during the past month. value cut nearly in half.

http://stockcharts.com/h-sc/ui?s=CFO...


I may buy back in early 09 if one of my other ships comes in: kxl, pg, csi, all three acquisition candidates with no immediate need to raise cash.

i do like what cfo management was able to accomplish in terms of fund raising in a very difficult environment this fall. i do think the company has enormous potential and is an acquisition candidate.


i note that aem, which i believe is on the radar screen as a potential buyer, has seen a tremendous decline in the value of its own stock, which could be a currency for a deal. same for g.to, etc.

http://stockcharts.com/h-sc/ui?s=AEM...

but these big outfits have good cash flow, so their lower stock prices are not necessarily deal-killers.


Michael

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Oct 24, 2008 05:10PM
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Oct 24, 2008 05:11PM
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