GEOMAQUE Message Board - Msg: 10966969

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Gold/Mining/Energy : GEOMAQUE

GEO 15.22

+4.4%

Nov 14 4:00 PM EST

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To: menanna who wrote (86)	8/16/1999 1:20:00 AM
From: Claude Cormier	Read Replies (1) of 260

Annamaria, I like GEO... excellent management and properties. They are cash flow positive for now and are making a profit now. But their hedges are helping. GEO will move big if gold does same. But it is not my favorite at the moment although I own it and will keep it. The news that would help them is if they find the dollars needed for Vueltas Del Rio. A recent right issue may provide some of the money for it. But I would prefer it to be unsuccessful therefore avoiding dillution. The best that could happen for them is a rise in the price of gold to $290. They could probably debt financed Vueltas Del Rio with gold at this level.

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