director buys more on market, page-42

MD interesting comments
"All the easy money has long left the stock market. QUALITY stocks are getting hammered"

I would say the easy money is to be made right now while there is blood in the streets.

"there is not a decent looking gold producer around"
DOM is traidng on a PE of 7 and SLR my friendly research suggests a PE of 1.5 within 12 months although it needs to reign in its costs per ounce.
THat looks like quality to me but I may be mistaken

Last time I looked at WOW its chart looked like a bumpy ski slope and traded on a PE in the double digits maybe the high PE though is a reflection of investers inflating its value based on its assured stable cash flow people gota eat.

As for golds 8 year bull market even the bumps out from 1980, and its trading under several comparable indexes, and thats not taking into account the presumed future impact of printing presses running red hot printing greenbacks at the moment or COMEX possible default on physical.

Agree on BHP though

And do agree its a not a good time to be trying to second guess juniors with no cash flow and the market is saying the same to MCO