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Gold/Mining/Energy : Campbell Resources (CCH)

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To: Dave M who wrote (193)10/3/1999 6:38:00 PM
From: Tom Smith  Read Replies (1) of 209
 
Have owned this stock for years, averaging down every now and then when I felt that such a well managed operation was bound to turn around.... Foolishly didn't understand the short play in gold could go this far but making more a study of it. I'm averaged in at a little more than .40USD per share.
If gold skys(450-500USD) and the canadian govt doesn't kamikaze its currency(race you to oblivion!!!!)and we can beat the reverse split(NYSE now requires a 1.00USD stock price) planned (?November) then expect 1.5-2.00 at year end. One problem is lead time necessary to ramp up their south of the border operations....if gold rally is sustained and we see no more hanky-panky from the fed, central banks, specs, etc., this little jewel will shine. My luck-----it'll be gobbled up by another company at a discount long before that happens.
BTW, most of the discussion has moved to Yahoo thread....knowledgable people and I'm learning every day.;-)
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