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AGORACOM WIRE - MONDAY MAY 28TH, 2012

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Message: Nice to see no one panicking and selling at

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mzsmith

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Re: Nice to see no one panicking and selling at

in response to Nice to see no one panicking and selling at by glorieux

posted on Sep 05, 08 10:08AM

I agree... free cash is a good thing for bargain hunting these days. I think the DOW will test the low it hit July 15th before we start recovering and the markets will likely remain volatile right through to the US elections.

The question I have running through my mind is which steel companies are looking at these valuations and saying... "when do we step up and buy". They are cash rich and valuations for juniors are at or near bottom. Thank god our resource doesn't have an expiry date on it!!

Time will tell....

m.z.

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