J P

The Long Case for U.S. Gold

Not long USGL, but am long WKR, NPG, CGR, and TNS. USGL still intends to acquire these companies, and will likely do it for a premium of some such. Its an interesting question, now that USGL is much cheaper, whether these companies are a better investment or whether USGL is a better investment...if USGL goes down between now and the acquisition more than these companies do, then USGL might be a better investment, even with the premium (assuming you buy it after it goes down, not now.)

USGL is working on a listing on a major american exchange, and when that happens they will recommence the offers, I expect.