Punt and Hold - First Point Minerals
posted Feb 28, 2005 at 06:55PM
A very speculative gold exploration company. They are at the low end of thier historical price range. They have a few irons in the fire and the drill results to date seem promising to my layman's eyes.
A small item but one of the things I really liked about thier web-site was that they are one of the few companies that has an easy to read schedule of warrants and when they become due.
In other words management seems interested in NOT giving retail investors any surprise reamings.
The liquidity sucks so this does not make a suitable swing trading stock. My plan is to put them away and just wait for developments. Obviously I would prefer news of good drilling results over news articles of board members seen boarding airplanes with suit cases filled with cash. Time will tell.
You can read up on them at the their website, www.firstpointminerals.com
I picked up a position today at .15. All the usual disclaimers apply of course with stocks like this.