Nasdag and all,
Quite the ride today. I hope most of you were able to stay relatively calm, and possibly pick up some shares.
Re: Mr. Wu's posting, I know it is extemely difficult to do, but usually the best way to respond to something as irrelevant as his initial post, 'FACE IT THIS THING IS GOING TO ZERO', (or something to that effect) is to simply ignore it. I am sure most of us realized it for what it was,......it was nothing!
And to reiterate, I believe the most telling news of the day was the news out of Indonesia specifically the following excerpt,
In Jakarta, many mining executives are starting to suspect Busang may contain significant quantities of gold. Speculation is centred on southeast zone 11, believed to be rich. "I know how the system operates here," said one executive. "If there was no gold in Busang, the government would have definitely leaked out that fact, preparing everyone for the bad news.'' He pointed to Wednesday's move by PT Nusantara Ampera Bakti (Nusamba), controlled by President Suharto, to increase its stake in Busang 11 as a favorable sign. "This project is being monitored very carefully by the Indonesian government. I think they are on to something and if I had some money today, I would buy Bre-X shares.''
An Australian mining executive agreed with his assessment. "This is the largest mining project being undertaken in Indonesia,'' he said. "I think the Mines & Energy Ministry is pretty confident now that this whole thing will not blow up in their face.
As they said in 'Aliens', STAY FROSTY |
