Seabridge Gold, Inc. (USA) (AMEX:SA)
A development stage company engaged in the acquisition, exploration and development of mineral properties.
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gold is golden
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Ore exploration is in vogue...gold is on the rise and will continue as long as there is unrest around the world.
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I bought into Seabridge back in November, and it's share price is slighlty down from when I purchased it (thanks mainly, I think, to the market "correction" last month. However, even prior to the correction, it's value hasn't skyrocketed, by any means. It will, however, in my opinion do VERY well WHEN, (not IF) the market crashes and the pirce of GOLD soars through the stratosphere. Seabridge is 1 of 2 Gold Hoarders--(Vista Gold is the other, and it has been doing reasonably well, also) and I feel this gives them an advantage over most gold MINING companies. We'll see-- time will tell---
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repeat on the gold merger
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If the price of gold stays at current levels or higher, this is like buying a call on gold at a discount
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Product and industry is right. Timing is late. Fundamentals are niche ser gut, but the momentum is in the right direction. Strictly a speculative interest.
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There's lots better stuff out there
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Dollar play as well as part of BRIC boom
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It's a rock people!
The aliens must laugh at us constantly.
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Gold will outperform again
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Seabridge is in the business of acquiring gold--by buying up proven mining properties. It is highly leveraged to the price of gold, therefore, and since I expect gold to go much higher, SA is a good bet.
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I don't get it. I just don't. This thing is worth next to nothing. Actually it's worth nothing. Why it even has a market cap is beyond my reasonning. Why it shot up 9.26% is a complete enigma. Blah, at least it's good for CAPS rating.
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Oh, so now that gold is out of favor all of a sudden, SA just tanks? I love it. I rode this position from 10 to 13, then got stopped out on a trailing stop. Before I could get back in, it shoots up to 14+. Seabridge Gold knows how to mine the stuff. I view the recent pullback (due to softening gold prices) as an opportunity to buy. Gold is a hedge, the companies that mine it are less risky for me. So, here's to gold reconvening its rally in 2007 -- and even if it doesn't, I believe mining companies have limited downside with the current demand for so many minerals.
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