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Gold/Mining/Energy : Pacific Rim Mining V.PFG

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To: Shirley Owen who wrote (4522)5/18/1997 12:13:00 PM
From: JR Robinson   of 14627
 
In with Kabila out with Mobutu: Any opinions on AMZ (americans fields minning/toronto)

Number 7 of Kabila's nine point plan "The newly declared gonvernment will respect international agreements which are in line with the interests of the nation." Kabila has gained defacto recognition by the U.S government! "A mining firm agreed to give the rebels $50 million as a down payment on a deal to dig for what could be the world's largest copper and cobalt deposits, not to mention diamonds and gold."(this was AMZ I believe) Can you imagine the returns that they are predicting if they are willing to plop down 50 mill. It has got to be huge.

Anyone else bullish on AMZ? Low around 2 and a high around 20, currently at 7.

As for my ›2 on PFG, I don't see it changing much until around the end of summer.

jr
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