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Message: Re: Puzzling scenario

Nov 11, 2010 10:24AM
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Nov 11, 2010 01:56PM

Even in 1933 Roosevelt did not STEAL the Gold --he paid 20.67 per oz and then revalued it sometime later. Also the Govmt does not have enough miners , geologists and mine managers even if they did seize the mines-- to run it themselves , so perhaps the worst they could do is force the mines to sell the Gold to the Govmt. So I doubt the street is apprehensive because of fear of govmt. seizure, as the values remain deep in the ground or the loose ore, and the govmt. won't steal it or dig it out themselves.

As to why the price per share remains stagnant , we all wonder and many possible causes have been offered : little or no publicity or press releases, under the radar , many hedge funds, pensions ,big boys can not or will not buy if under $3.00 or $5.00 , no 43-101 study , multitudes of Bashers sowing doubt, lies, exaggerations either because they want to buy it real cheap or so they can cover their shorts . Paid Bashers are paid to keep it low by potential buyers so they can buy shares real cheap or hope to eventually buy control at a cheap price after wearing out big position holders .Lastly is the possibility mgmt is aiding in keeping the price low until they can exercise company buyouts at low prices, while seeking a BIG BOY Buyer or a Tier 1 buyout offer.

Nevertheless it's an enormous bargain at these prices and I will continue to hold my 800,000 + shares based on gut conviction , ie "the still small voice" and dilligent study of truthful , factual info posted by Spiny, Big-Pic, Sinbob and at Iblub by Stratnikki, Clearview, Oryx, Much Compensation, dc Bass,Silver Falcon, Gold Chaser , Imperial Whazoo and a few others and of course dilligent study of Press releases and 3rd party reliable sources info like Idaho Bureau of Mines etc. LINDY

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