jimmy rogers speaks, page-2

the undervaluation of ATV ( and other quality gold juniors)is starting to become bizzare, even given the gloomy state of the markets.

I wonder how much debt/margin was being used in the market the last few years. there seems to a massive unwinding /deleveraging taking place. Where exactly is the "new" money going to come from to fire these small gold stocks up?

some guys I know who run a couple of ASX listed resource stocks told me that they had a margin loan on stocks they had bought in their own company. The loan was 18% of the value of the security. the bank rang them one day and told them they had 30 days to refinance or else! This type of behaviour by banks must be going on all over the place.No wonder nothing is going on out there in ASXland

still on the bright side....
the recent run in gold in the last few months has conservatively added $100 million to the cash flows from Touqouy, let alone the increase in the value of the other gold prospect. In the old pre subprime days this stock would be trading in the 50 to 60c range by now.

all I can say is when the lid comes off the pressure cooker, these stocks are going for one helluva ride