View Single Post
  #35  
Old 07-12-2007, 10:32 AM
imaptone imaptone is offline
Senior Member
 
Join Date: Dec 2002
Location: NC
Posts: 333
Default Re: Favourite current stock ideas.

I recently purchased SA at $19.5 on June 19th. Today it trades at ~$26. This is a Canadian gold miner who by the end of the year is estimated to have 45 million ounces of gold in the ground. With a market cap of 901 Mill it make s the gold in the ground worth roughly $20/ ounce. I don't know what gold in the ground is worth , but the stock has had a good run in the last month. It was a $3.25 a share stock 2 years ago, and it chart looks pretty good. I would caution that after it's last couple weeks I won't buy more until it has time to digest it 25% run up.
Reply With Quote