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Gold/Mining/Energy : TVI Pacific TVI (TSE)

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To: David J. Mearon who wrote (12)3/28/1997 11:08:00 AM
From: Wpegger   of 152
 
St. Vital here!, but originally from Ontario. I can't believe that for three years Bre-X was able to fool the whole investment world. If they did pull one off this would go down as the greatest fraud in history. IMO there is gold there but it has been overstated. I think Bre-X will rebound but not to the levels it has seen.

As for the other juniors I don't even want to think about it. People are selling everything they own to cover the margin calls on Bre-X. I lost 30% of my total portfolio in two days and I only have one company in Indonesia. I am looking forward to April....it cannot be any worse than these two days of March have been.

One positive result of Bre-X is there are a number of excellent buying opportunities out there right now (if you are not already fully extended). I doubled my position in SHF(ASE) at a rock bottom price of $2.16, SHF is currently trading at $2.85. I still have a ways to go yet before I break even. I only wish I had more money :(

I am seriously considering buying some Bre-X on Monday depending on what the market does. What do you think?

I still own TVI, but not happy at the direction its been heading lately, have you heard any news? Anything positive?

Good Luck to you.

Dave
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