Newcastle Gold Ltd.

Operating Gold Mines - Quebec & Peru Canadian Gold Producer with significant GOLD Reserves
in response to positive carry's message

Like I said before, if you double my money on something that is severely undervalued then I haven't really gained anything. Further, $1.20 is right around where CMM should be trading about now anyway so selling it for 1.20 gives away all of the further growth potential. Frankly, having CMM taken out now for $1.20 robs shareholders of the benefits that come with a company that will soon be cash flowing big money. When one factors in a higher gold price it amplifies the future loss CMM shareholders will suffer. Selling CMM now for a manufactured premium to the market is really short sighted when the future earnings are factored in. I would much prefer to ride CMM for several more years and really reap the benefits of a 100,000 oz/year producer and a gold price that could reach $2000. That is where the big money is and that is why WTG may try to fool those in search of a quick buck....

Please login to post a reply
GoldBandit
City
Rank
Treasurer
Activity Points
637
Rating
Your Rating
Date Joined
03/07/2010
Social Links
Private Message
Newcastle Gold Ltd.
Symbol
NCA
Exchange
TSX-V
Shares
155,078,807
Industry
Metals & Minerals
Create a Post