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Gold/Mining/Energy : Francisco Gold - FGX.V

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To: Elizabeth Andrews who wrote (661)2/29/2000 11:34:00 PM
From: Claude Cormier  Read Replies (1) of 1907
 
I think FGX is a buy even if Marlin is not the property we think it is. But if the numbers on Marlin are confirmed, FGX is not a buy, it is a steal as I think Marlin will then be a much better property than a Luchio.

As for PDL, certainly an interesting play given PGE's price. However, all depends on what they do with the expansion plan. They need that expansion to pay off their immense debts, otherwise it will take 10 years to get out of it and pay all preferred dividends. Common shareholders will not profit and I doubt the stock will make new highs. But if the expansion plan is a go, all debts would be paid within 2-3 years and PDL becomes a great long term play on the future of PGE's. Logically, the expansion should proceed and therefore PDL is likely a great long term investment.
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