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Gold/Mining/Energy : Armada Gold 10 Million oz of Gold & 1 billion lb of Cu !
AAU 0.380-5.0%Sep 29 5:00 PM EST
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To: zoli bognar who wrote (488)8/29/1998 7:36:00 AM
From: ISOMAN  Read Replies (1) of 552
 
The TSE is discouraging all COmpany representatives from participating on Chat threads because of the conflict of interest, and because of a recent legal problem they almost had to face with one poster on SI.

The price of AAU is down for 2 simple reasons. #1 they don't have the capital to get the minerals out of the ground yet, #2 they are working in Russia, and Russia isn't exactly boosting investor confidence at the moment.

Hey, wait for it to hit 1 or 2 cents and load up to sit on for a year or so.

I never thought I'd see the mining sector stocks so cheap in this millenia, but , go figure. Bre-x started the landslide, and the 20 year low of gold pushed it over the edge.

Look at companies like leeward capital(lwc) or first dynasty (fdm)

Leeward has been in the biz for 15 years. 15 months ago the share price was $1.05 now its 3 cents with a 3:1 reverse split coming.

First dynasty was 43 cnts not too long ago. Now it is under 20, and Robert friedland has invested millions into them. In fact he put in 10 million at 43 cents.

Diamondworks was over $3 with midland walwyn, St lawrence Securities predictin $7...it just broke through the $1 resistence level. I am predicting a low of 40 cents by year end.....and they are making money..

mining stocks all got hammered, period.if you want someone to blame, go urinate on David Walsh's grave.
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