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Gold/Mining/Energy : An open letter to jr. gold investers by Ron Pitts 03/27/97
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To: Aloysius Q. Finnegan who wrote (40)3/28/1997 11:33:00 PM
From: Ron Pitts   of 297
 
goodevening Patrick, First let me say I went back and read my #34 post and see one (I;m sure there are more) glaring typo(bad enough I can;t spell)! Yamana stock at $3.50 the $ sign and the 4 are the same key I Did Not mean to say $44.50! Now Patrick, what I was trying to say was that BGO/AZS will hold the largest goodie bag now if Busang is a bust! The largest deposite on the market to sale,jv,merge whatever.The stock may sag a bit with the bad new comeing out of Indo tants all the jr. golds but there true Value will be reconized sooner or later it may not reach it;s full potential because of a poor gold market and a scared mining stock market however. It is one of the best mining companys to own at this time in my opinion. As to margen calls they will be haveing a BIG effect this Monday and threw the week I would thing a lot of money is lost here and if (and they will) investors need to sale other mining stocks to meet there margen calls ,well Yes that will put more pressure on the other mining stocks sold. By the end of the week the margen sale part of this should be over but the resudual longer term effect (money drained out of the sector could be with us for some time. regards Ron
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