interesting telephone call today

Received call from broker today wanting to know if I was interested in participating in IPO for gold explorer at 20 cents per share. Now this company has no defined reserves and only very prelim results from assay drilling. I politely declined knowing that I already hold HEG shares which, and please correct me if I am wrong, already have a recognised ore deposit of some 500,000+ ozs gold in addition to often discussed Kaolin deposits and is priced at substantial discount to IPO Now I don't know much about irrational markets etc and what moves tickers, but I do know that a bird in the hand is worth two in the bush and the acknowledged gold reserves held by HEG seem not to feature heavily in discussions I look forward to future comms revealing the go forward strategy for HEG and it soon moving into more realistic valuations which reflect its core asset strength Just my opinion