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Precious Metal Exploration

Focused on exploration and advancement of mineral projects in Peru

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Message: Re: Copper moving up
1
May 29, 2009 05:22AM

May 29, 2009 05:41AM

May 29, 2009 05:48AM
1
May 29, 2009 08:50AM

Well i sold at a loss because there is no direction for the company at the moment. I agree that the downside is limited and the upside is huge but there is an opportunity cost of holding at this point. I sold and bought some oil stocks and atleast made something back. I know the potential of the company but the bottom line is they don't have enough cash to continue drilling and sooner or later will need to raise more capital. It is still on my watch list and will jump back in if i see the situtation changing.

JMO



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