Petrolifera is now an all or nothing play on exploration. If they can drive production on discoveries in Columbia and Peru while shoring up their production decline in Argentina you could see an upside. But there are a lot of ifs that need to break the right way to generate a profit on the trade.
A pull back in the shares of FWM to $3.00 would be a reasonable entry point for a stock with potential but trading on thin volume.
Knowledge is power in the captial markets so be prepared to struggle with new ideas and concepts until you have gained some mastery over the data. Investment research can become an all consuming passion, but make sure that it doesn’t lead to analysis paralysis.
My call on END is to treat it like a pure one shot exploration play. If Rochelle hits in 2010 you will see a reversal of the downtrend and ride some gains. But its an all or nothing play for the next year so put a stop in at $0.85.
There has been a number of developments at San Gold, most recently the signing of a letter of intent to acquire properties in Timmins from Laurion Mineral Corp for a million shares and $1M in cash.
I wanted to share this story with you. I have been tracking it for a year and it looks like some interesting progress has been made on solar shingles for homes. “We’re looking at this one product that could generate $5 billion in revenue by 2015 and $10 billion by 2020.”
Today I had the unique experience of having a very large, older, former resident of the UK, get in my grill about my having a conversation on my cell phone at a local McDonald’s in Oakville.
The chimp in question interrupted my call to a dear friend in NYC to tell me to stop talking…
