Re: All very interesting!
in response to
by
posted on
Feb 24, 2011 12:18PM
OK I got scared and bailed. I started feeling like a minnow swimming with sharks. Fran Scola is also tied up in WTG. I do not see any value in WTG. It should be renamed WTF when you try to justify the share price rise. I do not argue the value of CMM. But, what I see happening is a paper takeover of CMM by WTG. Since their share price is a scam of some sort, I see the merger/takeover as dilutive to current CMM shareholders. They have some tiny mine in Russia procducing less than San Juan.
I know there is a lot I do not know about this deal. I know I may have missed out on doubling my money from here. But this deal smells. I bought in @ 44c so it was a little easier to sell, as I still made a 50% profit in a few months.
If you are smarter than me and have more trust in the system to protect your interests, then go for it and double your money from here. I for one am going to take this money, stick it in my mattress, and sleep better at night.
Good luck all,
Bob