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 : GMD RESOURCE
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: George who wrote (680)3/18/1998 9:43:00 PM
From: Richnorth   of 1030
 
A reverse stock-split would normally be viewed rather negatively. And most likely, some folks will get the jitters if it happens. However, it would appear that GMD investors have little to fear in view of the fact that GMD has real gold properties and
a potentially hot 'diamond'property.

Given the present circumstances and the times, it is not surprising that a junior company would seek or agree to be amalgamated with other companies. For therein lies the way to survival in a market where the price of gold is down and threatens to go lower, where investor confidence is at an all-time low (witness the fact that the recent Mining Conference in Toronto turned out to be a non-event) and it is very difficult to raise funds.

Perhaps after the inaugural meeting of the European Monetary Union (last week of April/first week of May 1998), we will know, for sure, their official stand on gold.
Many like to believe gold is likely to rise after the EMU announcement re: gold, and I like to hope their optimism is justified.

Japan has just conceded that they are probably caught in a deflationary spiral. And, Robert Rubin has strongly criticised the IMF for going ahead with issuing additional funds to help the hapless Asian countries. Would you or anyone venture an opinion as to what impact these might have on the price of gold?
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News