Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Condor who wrote (43822)	12/23/2003 5:51:25 AM
From: TobagoJack	of 74559

Condor, thanks, I saw that about GFI after I had let go of my 2899.HK. The China H-share IPOs typically are supported by some relationship shareholders: Tsingdao Beer had Budweiser, Petro China had British Petroleum, PICC Property/Casualty had AIG, ... and so Zijin had Gold Fields. I feel Zijin can be an interesting trading share once the hoopla dies down, and Zijin corrects along with the rest of China AND gold shares. The typical HK equity small retail investor is not yet convinced that gold will go to 'da mooon' ... but they will ;0) My sale could prove to be too early, especially if Zijin had in fact lined up a pipeline of deal announcements with regard to China gold mine consolidation or new finds, but I doubt this is the case because I believe we are still at the early beginning of the gold mania and therefore the mining companies (especially newbies in China) are not that sophisticated about the art of ramp yet. I can be wrong about everything. Chugs, Jay

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