"The history of Eureka lies in its future." - Lambert Molinelli, 1878


The author/editor of the Eureka Miner owns common shares of local mining stocks, General Moly (GMO) and Newmont Mining (NEM); together with benchmark miner Freeport-McMoRan (FCX). Please do your own research, markets can turn on you faster than a feral cat.

Saturday, March 28, 2009

General Moly Whacked by RBC

Morning Miners!

It's Saturday and I don't give a hoot. RBC Capital downgraded General Moly (GMO) yesterday to "under perform" in it's sector. They did, however, raise this year's price target to $1.30 from $1.00. Their new number is close to the trading highs this week. The ole Colonel has a buy order on these guys if they dip back to $0.76.

Heck, Citibank was trading at $1.00 not too long ago. I'd much rather invest in Mt. Hope!

Have a good weekend and Cheers,

Colonel Possum

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