BRE-X, Indonesia, Ashanti Goldfields, Strong Companies. Message Board

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Gold/Mining/Energy : BRE-X, Indonesia, Ashanti Goldfields, Strong Companies.

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To: hugh thorne who wrote (8367)	3/26/1997 10:01:00 PM
From: Bill Jackson	of 28369

Hugh; the wisest thing said on this thread all day. Run to your broker, do it now, get some low priced PFG, SAS, MGR, or other stock in there as a swap if you can.It will lever up. PFG would be especially good as it is expected to do a high ratio upwards move in May. Partnered with Barrick(the only major to go up in this debacle)I have no self interest here, as you buying PFG will not give me any commission. A valid tip with no thieves at all involved. Borrow money to do it. The BRE-X $ is gone, but hugh is right if you swap it then if you borrow to restock the RRSP/ Keough/?? then the loss on the BRE-X is a full capital loss deductible against income and the loan interst is also deducatable, and your RRSP is not hit.The loss inside the RRSP gives you no tax deduction at all, and you are even taxed when this lesser amount comes out. Many will not be able to afford it without loans. Bill I think we have all been deducated here today. Me indirectly, others bigtime, one poor guy near destitute. Move to Florida, go bankrupt and preserve more than any other state.

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