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Gold/Mining/Energy : Bolivar Goldfields (T.BVG)

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To: Bobby Yellin who wrote (16)3/23/1997 11:08:00 AM
From: Richnorth   of 249
 
The vagaries of the market are such that investing in speculative stocks could be, at once, a most gut-wrenching and rewarding or bankrupting experience for all, and staying patient and serene is a tall order! However, I suppose if one invests only with what one could afford to lose and especially after one has done the necessary homework, one could sit back and watch patiently and take appropriate action whenever necessary.

I have been holding my GRM and BVG for about a year. Even before SUR came on the scene, they have dropped about 50% from their highs and remained virtually dormant ever since. So it is quite hard to see why SUR is commanding so much more attention these days especially when it has yet to start drilling to prove itself. Speculative fever, I suppose. I do hope that unlike GRM or BVG, SUR will not behave the way the former two did.

Please tell me why your savvy friend thinks BVG will be waking up soon. Rise in the price of gold after the U.S. Feds raise their interest rates? However, I have heard that BVG is not likely to be be moving much anytime soon because its shares are more diluted than ever as a result of recent financing to begin production. What say you on this?

Regards,

Northrich
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