Down 48%. Sold 20% of its holding. He still believes it is a good company. They have a superb management team They have had disappointments with one project but believes the next project could be better. He is not buying anymore but is still holding a big amount.
(A Top Pick June 27/05. Down 40%.) Would have been a Top Pick if Market Call did not have a limit of over $1 for Top Picks. The stock was clobbered when there were negative results a year ago. Not expensive.
Their drill results from Navividad will be very important. If they are good, this could be a very exciting project. Likes management and if the stock should decline, he may very well buy.
Excellent management. Although the stock fell, he kept his stock and will wait to see what management can do with it. Management has a big vested interest in it.
Very good management that will do their best to make sure this works. Have a deal to build a small mine in Guatemala, which doesn't cost them anything and they get a percentage of what comes back. Have some joint ventures and projects out there. This is one to watch. Accumulate on pullbacks.
Tempted to buy more. They may get a small royalty from a mine they found. They source really good simple projects to explore. There is no catalyst, but you are buying a good company for less than the cash in the bank.
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