Flag Resources (FGR.A A) Message Board

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Gold/Mining/Energy : Flag Resources (FGR.A A)

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To: Stephen Mooney who wrote (2849)	3/17/2000 11:03:00 AM
From: Stephen Mooney	Read Replies (1) of 4269

ALL - Just received an e-mail from a fellow Flag investor and it dealt on the exact subject I was about to post on. At Flag we have seen the result of over-optimistic expectations prior to assay release. The stock went up too far too fast. Poor drill results and then the let-down. In Flag's case we ran from about $.40 to $1.40 in no time flat. PFN is now in a similar situation. Their rise has been more gradual but it too has seen the rise from $.40 area to $1.20, and they too are waiting on drill results expected to be good. Hope they are. It will be good for the whole area play. BUT. IF they are not so good we may see history repeat. MMIN dropped from $.90 to $.60 on one day lately and I don't even think there was a reason for it (the drop). ALL these area stocks are going to be volatile because of the rise in PGM's but it is quite obvious from the Flag example that what is paramount is the assay results. Good Luck ALL.

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