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Gold/Mining/Energy : GGFI-GUYANA GOLDFIELDS

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To: Michael Brody who wrote (30)5/4/1997 12:40:00 AM
From: CLK   of 259
 
The best thing for the market is if Bre-X has at least has some gold. However, there is life after Bre-X in any case just as there was life before it. I am less pessimistic about the fallout and less optimistic about the results Monday than you are but who really knows what Monday will bring. So let us hope for at least a cushioned result from Strathcona on Monday. My bet is that much of the disaster stuff is behind us and after a short further washout the companies with real value will start up again. I am very bullish on Gold at this point in the cycle and also bullish on the energy sector. With respect to GGFI, Lyndex has been doing very well despite Bre-X and is a case in point of how good drill holes can move a stock against the current. The money flow will continue to follow value as it is uncovered.
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