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Pastimes : The Naked Truth - Big Kahuna a Myth

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To: Terry Whitman who wrote (76735)11/23/1999 1:26:00 PM
From: Earlie  Read Replies (2) of 86076
 
Terry:

Just came back in and notice that GSL actually put out the announcement this morning. 4.9 million ounces (and rising), as seen by one of the toughest independent shops in N.America.

I've perused the "cost-to-produce" numbers and discussed them with Rovig and they are excellent.

Kinross already owns 22% of the company. I expect an offer within a reasonable time frame.

Thanks for the other stock suggestions and I will have a look.

An interesting thought, courtesy of an extremely experienced pal of mine. He notes that when a market crashes, everybody is looking for liquidity and hence all stocks are for sale, including gold stocks. Unfortunately, there are few buyers for any stocks except the gold stocks. Even the gold stocks decline in price during the initial sell-off, but once the initial smack has been taken, they start to plod upward under serious accumulation. A quick check of some previous crunches suggests that he is accurate. This little idea might be useful if things start to unravel.

Best, Earlie
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