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Gold/Mining/Energy : Kazakhstan minerals KMC.U -TSE

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To: Mr Metals who wrote (12)12/21/1997 10:35:00 PM
From: MUDMAN   of 112
 
Mr Metals:

I own some KMC/U at $7.50 and some more at $1.00. According to my calculations it currently trades at a +- $0.10 discount to its cash position. I think the problem here is three fold: 1) Republic of Kazahkstan has gotten a lot of bad press; 2) POG at $290; 3) absolutely horrendous promotion and reporting of company activities. Hopefully they will get their act together on #3 so the inherent value can return to the stock. I would think that a purchase at these levels is pretty good value. Then again I thought that was the case at $7.50 and $1.00. Good luck. Mudman
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