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Gold/Mining/Energy : An open letter to jr. gold investers by Ron Pitts 03/27/97
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To: Ron Pitts who wrote (268)5/22/1997 8:49:00 PM
From: Chip McVickar   of 297
 
Thanks Ron...My selections in Jan and Feb were of penny miners found at
pretty good prices and appreciated with nice profits some up 60% and 120%,
but Bre-x changed that quickly...now (with the same stories) they are
bouncing off fast tradding patterns and that stands apart from the reasons
to hold midterm....some are still profitable...others not...?
.
Some I got out of and moved into penny oils...but here again tradding
patterns are chopping up the midterm holds.
Very frustrating......The profit tradders dominate.
Two interesting oils are Ohio Resources OHO.v and Torino Oil TGS.a
.
I have the patience...but am not sure that small exploration companies
will hold up for any serious profits especially into the summer. Atleast
some profits might be made by expecting lower %.
.
Your suggestions make a lot of sense...little bit larger companies,
with good fundamentals, cash....maybe the place for 6 months.
.
What do you think of Clifton Mining CFB.a....?
To bad about your Delgratia...but I understand they have many more
properties to work with...and should come back.
You cannot plan for tampering.
.
Thank you for your reply
Chip

P.S. Married a Stowe, VT lady(to my good fortune)and know that area
pretty well...


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