re: for chuck and .... dub & nickoo The ultimate safe gold play on the market is CRSG - unsecured convertible debentures yielding ~12% that mature in 2004 and you get paid quaterly. Gympie gold's notes yield ~8.5% that mature in 2007. I always encourage my people to get into high rating convertible debentures when they are issued, to play safe as I have convinved them the instruments are better plays than property yields. But for players close to the market, Who wants to play safe ? - bring on the BOOM, POG will most likely double in 2003 but slow its exponential appreciation thereafter.
How do I know ? well, i 'm the one who said the AUD will fly at us48c - and some factions were saying 'you don't know what you are talking about' ..
well well well... fortune favours the brave, so hold on.
First to appreciate and extend its gains are the big producers (this is what we are seeing now), then the middle tiers will have a go when the big producers have pretty much have had their run then the little guys will get more attention upon HUI breaking above 155, in my mind all this will happen very quickly. I have made many 'pros' look very silly in the past.. all i have to say, people there is plenty of time to cherry pick your favourite gold stock. specs will move when HUI breaks above 155 and beyond, this is my taking - you hold gold specs with little or no debt but promising projects ?,if you do .. patience.!!
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