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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: koan who wrote (38869)	4/25/2007 1:04:46 PM
From: onepath	of 78416

Sell in May? Dunno but using this little correction to cull a few positions as I know I can get into better plays at a discount.Trying to get about 20% cash to take advantage of any short term.My thoughts are summer rally starting sometime in mid May to early June. BWR Next year,s p/e will be under 4 and they will be the best priced miner on the TSX with an excellent growth rate. Teck is trying to buy nickel and RNG is giving it away... Post says Teck moves closer on takeover targets 2007-04-25 09:07 ET - In the News The Financial Post reports in its Wednesday edition Teck Cominco is still seeking acquisitions, says chief executive officer Don Lindsay. The Post's Peter Koven writes Mr. Lindsay acknowledges, however, that it is having trouble finding takeover targets in commodities such as nickel. Speaking on a conference call with investors and analysts Tuesday, Mr. Lindsay said his strategy remains the same. He hopes to improve Teck Cominco by diversifying its resource base so about 35 per cent of the company's revenue comes from products other than base metals that have more stable prices. "Nickel, uranium, and iron ore -- we would love to have assets in those commodities," he said. The company may make a move soon. "We have a number of investment possibilities that are reasonably advanced and we'll be discussing [them] with our board," he said. "Over the course of time, we'll be acting on some of them." Teck has been looking for acquisition targets since it failed to buy nickel giant Inco Ltd. last summer. Mr. Lindsay said "some [commodities] are easier to get into than others," singling out nickel as being difficult. "We're still interested in nickel, but we don't see entry points in that industry."

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