SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Weda Bay Minerals Inc

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Surething who wrote (37)10/4/1997 11:25:00 PM
From: HARLEY II   of 98
 
Dear Surething,

I went to Stockwatch (www.canada-stockwatch.com) and took a look at Weda Bay's java chart during the Bre-X period. Weda had come of its high at around $5.50 and had settled in at $4.00. The very day the initial Bre-X news came out Weda began plummeting and eventually sunk to a low of $1.01. Talk about oversold.

I have also checked out the Board of Directors and discovered that the President, Louis Clinton, ran Freeport's Indonesia operations until he retired and started Weda Bay. Freeport owns the world's largest copper/gold mine in Grassberg, Indonesia.

If your tonnage figures are accurate then when this stock is "discovered" your $10 figure might be a little too conservative.

HARLEY aka "Gumby the Tomato Juicer"

Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext