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Message: Think Not

I agree with GC and WB...

It seems more likley that another suitor is showing early signs of working up the courage to scoop up a dynamite prom date. In addition, the news flow has been slow, and we are overdue for an update on several fronts including the land deal. History with Probe suggests that news is on the horizon when we spike on volume for no appearent reason.

While an offer could come at any time, it is very rare that companies buy great properties when they are trading at significant discounts to their intrinsic value. They always wait and overpay (hooray!) Certainly, the POG is not providing any cover for companies to stick their neck out for a perceived speculative play.

While AEM had great numbers in their latest NR, many others are going to report additional reductions in expenditures to help shore up their balance sheets. This should keep an offer from materializing until we see the next leg up in POG.

So, Dave and Team will need to keep moving the ball down the field. Its grunt work for Dave, and it would help tremendously if our marketing company for whom we are paying would set up more interviews and articles. The silver lining is that we, the faithful, can still buy at, IMO, incredibly discounted prices.

If the Fed engineers another Taper Scare selloff in POG, and they might, be ready to pounce. Best to all longs...

-Kingpin

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