Opinions
Kevin O'Leary
Gold Wheaton Gold
GLW-T(Dead)
DON'T BUY
Aug 25, 2008
You never have enough gold when you need it and you always own too much when it goes sideways. Gold managements have not done a great job in reducing costs. Hoping gold goes sideways for sometime to come.
$1.020
Stock price when the opinion was issued
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COMMENT
Finds projects that have gold in the ground. They pay a percentage up front and then get the gold later with additional money. A great exposure in the long term to gold. This is really a call on gold. Every investor should have a little bit of gold. Hoping for gold to be $1200 by the end of the year.
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DON'T BUY
Company just set up a 1 for 10 consolidation. Signed a deal with First Uranium (FIU-T), which has a gold mine in South Africa that is having pretty serious production problems so they may delay the expansion. Any further delay and First Uranium owes this company $42 million. First Uranium have put themselves up for sale, which is really killed this company because of the uncertainty.
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