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Posted by =?ISO-8859-1?Q?-DirtBag=A9?= on June 19, 2008, 2:05 pm
BuffettHater@gmail.com wrote:
> Took forever to fill on spike in volume and price, all small lots
> largest being 1100.
> Shorted on toronto to avoid currency play when saw a arb
> between canadian dollar adjusted price and U$D.
>
> Cover at $2.20
>
> Did some research on the oil sands project they bought from
> a major. . . cost over runs in sands running rampant, that is
> why TLM elected to have IVAN do the work and allow a
> back in option. Water is becoming an issue in the sands,
> need to get permits for the 'other' type of gold, water.
>
> There is good reason IVAN borrowed an extra 40% as
> costs running away. . . .
IMO risky... I am long but not tied too tight to it so who knows..
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