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Gold/Mining/Energy : EMR Microwave Technology (EMW.A)
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To: BAKE who wrote (303)9/28/1999 12:59:00 PM
From: BAKE  Read Replies (1) of 397
 
Price of Gold up over $300 U.S.

If it holds above 300, this should be GREAT for EMR.
I use to assume that 'low gold prices' would be beneficial to EMR because mining companies would be desperate to decrease their production costs.
The opposite is actually true.
When gold price is too low, companies "shut-down" their non-profitable mines and are NOT about to spend more money on new technologies.Also, new mines are almost unheard of, and junior mining companies couldn't get funding to start building.
With gold above $300, the gold sector is back in business again, and will obviously want to have the lowest possible production costs.The mining companies can now afford to add in new technology.

Hopefully this will get them all lining up at our door!!
EMR could potentially have many more contracts (and sooner) which will mean increasing stock price......(hopefully).

GO GOLD GO.

Gary.
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