Company Update – Mon 28 May, 2012

CEO Eric Edwards and IR Scott Warren introduce Lupaka Gold

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Featuring:
Al KorelinScott WarrenEric Edwards
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Comments:
  1. On May 28, 2012 at 2:55 pm,
    Irwin says:

    Thanks for all the company reviews, Big Al.

    Some will recall about 2 weeks ago, Rick Rule offered to evaluate any junior, anywhere in the world. So I submitted a short list, not really expecting a reply, but today I rec’d this reply from Rick’s company “Global Resource Investments”.

    Andina Minerals ——— ADM.V — 6
    Bayfield Ventures ——- BYV.V — 5
    Columbus Gold ———- CGT.V — 6
    East Asia Minerals —— EAS.V — 6
    Exeter Resource ——— XRC.TO — 6
    International Tower Hill – ITH.TO — 6
    Premier Gold Mines —– PG.TO — 5

    The evaluations are based upon a 1 through 10 scale where 1=strong buy, 10=strong sell.

    • On May 28, 2012 at 3:04 pm,
      Big Al says:

      Not sure what to say, Irwin.

      Rick has been pretty successful over the years. And, that is an important point.

      My feelings about ITH and XRC obviously are a bit different.

      Let’s see where these companies are at in about six months.

      Best,

      Big Al

      • On May 28, 2012 at 3:17 pm,
        Irwin says:

        Yes, I was kind of surprised too, to see them all clustered in the middle. I thought some were worthy of a higher rating.

        It would be interesting to see some of their 1′s and 2′s but I guess one has to be a client for that, which as a Canadian resident, I’m not able to do.

  2. On May 29, 2012 at 3:40 am,
    Jerry O^OTB says:

    GREAT REPORT ON THE ” KORELIN REPORT…..”

    • On May 29, 2012 at 7:54 am,
      Big Al says:

      Many thanks, Mr. In the Box.

      By the way, I certainly view the moniker “In the Box” as being complimentary.

      I think people who are accepting without examination are definitely not “in the box”.

      Best,

      Big Al

      • On May 29, 2012 at 11:56 am,
        Jerry O^OTB says:

        thanks Al……sorry for the misspelling…..I was thinking George Carlin, when posting before….
        You know me ,I question everything…including myself….

  3. On May 29, 2012 at 7:20 am,
    Irwin says:

    Stewart Thomson makes the case that even if gold has NOT found a bottom; and even if DJIA falls to 11,200 … gold stocks and especially juniors “are making a generational bottom!”.

    http://www.321gold.com/editorials/thomson_s/thomson_s_052912.html

  4. On May 29, 2012 at 7:46 am,
    Irwin says:

    Here’s a snip from an article on Mark Leibovit.
    The whole thing can be found here:
    http://trimtabs.com/blog/2012/05/25/gold-may-never-trade-as-low-as-1300-again-says-leibovit/

    “Leibovit, who has frequently griped about what he claims is a government conspiracy to hold down the price of gold, thinks the flight to safety will be the prevailing gold motivator over the near term since he considers long term bonds dangerous.

    “One of his favorite plays is the Canadian Mint (MNT), which trades on the Toronto Stock Exchange and enables investors to convert their shares into physical gold. Another is Central Fund of Canada, Ltd. (CEF), which invests primarily in long-term holdings of gold and silver bullion.

    “On the other hand, Leibovit says he would shun two of the leading and most popular gold and silver trusts–SPDER Gold Trust (GLD) and iShares Silver Trust (SLV). That’s based on his belief, which both trusts would heatedly challenge, is they don’t have all the gold and silver they claim to hold.

    “Gold, concludes Leibovit, is the super hedge. Sure there will be volatility and selloffs, as there is in every market, but what’s most relevant to investors, he says, is that the overall trend remains up.”

    • On May 29, 2012 at 7:57 am,
      Big Al says:

      I would agree, Irwin, that gold is the super hedge.

      Along the same lines, I still really do believe in diversification. I never subscribed to the theory that the only way a team can win a baseball game is to concentrate on home runs. Odds of winning are much better, in my mind, when a whole bunch of singles; doubles; and, triples are hit.

      Best,

      Big Al

  5. On May 29, 2012 at 8:48 am,
    Marc says:

    Big Al,
    Great, Great job with Mike over at the Hard Asset Investor. I am tellin ya, lookin real sharp in that dark suit – man! You are very, very comfortable in front of the camera and it shows…..
    All the best,
    Marc

    • On May 29, 2012 at 8:54 am,
      Big Al says:

      Many thanks Marc,

      Okay man, Kathy and I will buy the wine afterall!

      Big Al