Re: 2Q - 2010 guidance down, conf. call today at 2PM EST
in response to
by
posted on
Aug 16, 2010 12:05AM
Twillight, you wrote:
and high-risk plays like CMM, might take it in the chin over the next 8 weeks...
The high risk here is very uncalled for IMO. We have 2 producing gold mines, the ramp up in Lamaque has had some delays but mostly out of our control but certainly these are not events that will be of a repeating nature. I mean the electricity getting turned on and the low profile equipment delays are not going to be a concern going forward.
The Deutch Bank and F&S have put over $50M in the company...do you really think they put that much money here without knowing all the risks?
From $35 an ounce in the ground, do you really see alot of down side risk? With gold now back over $1200 and just getting into the buying season I think CMM is a great play still, even with the lowered guidance for this year.
I think there is not too much to drive our SP up in the immediate future but this is a great time to accumulate a big position. If I get the pop I expect from my other plays, this is where I will be putting alot of those profits and I have a 1 year target of $1.50 on this one with very little downside over that stretch.
Just my opinion,
Glorieux