AuptMan,
GZD is trading in and around $1.00 for many reasons.
- becuase the markets are still feeling the credit crunch
- i sense that more people are liquding their stocks and holding cash until things pick up
- summer time is always slow for the markets. (wait and see what happens in September) i think many people are on the sidelines and looking to get back in after summer.
All and all your right. if you due your due dillegence, you can see that GZD has value and definitly worth a buy at $1.00. I like diamond plays becuase if they strike it big, then you strike it big. what makes GZD an even better purchase is the fact that they are diversified in other metals ie. gold, silver, etc..
However this potash deal really caught me by surprise. i must say iam impressed at the entrapeneurship of Mr. Testo. he really knows the markets and can sense whats hot right now. as food supplies decrease, (and the will continue to do so) potash and other fertilzer products will increase in value. the potash deal alone justifies GZD stock at $1.00. anything else now is a bonus.
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