If anti-Barrick is Coca-Cola, lets do an unCola 7UP and support an un-Barrick.
This thread is to monitor the price of gold,
with some pro-GATA folks and non-hedging folks
becoming active in that which does influence
the price of gold, no matter how slight, then
let this thread continue not only as a monitor
but also become part of the action that is being
monitored by the folks on this thread.
Let it be made very clear, just as those who say
dump Barrick ABX, it is not done to profit from
a short'ing of Barrick stock, just as those who
argue against the notion that hedging by Barrick
is bad, that they do so only to reap an investment
reward from pumping up ABX. Ofcourse if someone
holds ABX and see the anti-ABX posts hurting their
investment, then they can respond in defence to
protect they investment, which is not aPumping.
Common Sense here, hopefully.
So in this tone I say lets dump the anti Barrick
posts as the message was delivered and now it just
a din or record caught in the same two grooves.
If the purpose was to hurt Barrick, and the hedging
factor was only an excuse, then it should be stopped
anyway. I'm sure that was not the reason, but that
pro gold, gold bugs and pro GATA folks see selling
paper gold as adding to the supply & demand equation
keeping the price down unfairly.
So what can be done different now to help the price
of gold raise in value without bashing gold mine
companies that over or incorrectly or hidden agenda
hedge their gold ? The opposite I hope, as in identify
gold mine companies that are the opposite of Barrick,
especially those that are pro GATA.
Now I know from experience here on this thread
that most all here are over careful to the point
of being timid, except when it comes to arguments
with certain others, which in the end serves no one
except raising the noice level and irratation to others.
I ofcourse is part of that and I do not mind as I think
it adds color and interest and learning in others areas
beside what to me is uninteresting and boring,
this mining and gold price and commerce and economy stuff.
Also, anti a specific company is somewhat safe to do
just so that you are not knowned as a short'er type
trader. But to pro a company is very close to spam
and hype and not only not allowed on this thread,
but dishonest and not liked by others.
So based on that I expect no one will reply to this post,
and also no one will join me in the identification of
pro GATA type companies to present as role models.
The following gold mine company was praised by GATA
in my last post, where Bill Murphy spoke highly of it.
At present I hold no shares in this company,
but I will place an order later if it's traded
on my broker's web site. I will do so to show
my support to its stand of pro GATA and hope that
if the GATA War I is won, then this company will win.
Most important is that this company already mentioned
by Bill Murphy the Chairman of Gold Anti Trust Action
of gata.org (GATA) non profit has as its
objective to move positive in share value if the price
of gold moves positive. Also, it will not sell out to
become a bubble dot com like others.
In that line of thought I present info to show it's aGATA.
Trading Symbol: SXG-V
March 27, 2000
CORPORATE UPDATE
This News Release is intended.....
...the bear market in precious metals
and the mining sector has been deeper,
longer and more severe than most expected.
Over the past year many of our competitors,
struggling to continue exploration programs,
have opted to embrace the dot.com phenomenon
by using their corporate structures as shells
for technology and Internet related companies
to become publicly traded entities.
This shift in investment sentiment has had
a two pronged effect on the Company.
On the negative side, it has made financing capital
more difficult to secure while, on the positive side,
it has given rise to greater opportunities for success
due to the abundance of quality (even advanced)
under-valued properties now available for acquisition
with substantially reduced terms.
SAMEX management evaluated this situation last fall
and decided that the best way to capitalize on these realities was to aggressively increase our exploration
and acquisition activities within the mineral-rich
Cordillera of Bolivia, Chile and Argentina.....
With a diversity of projects, SAMEX is well positioned
to benefit from up-trends in the precious and base metal
markets and renewed investor interest.....
Jeffrey P. Dahl
Vice Chairman
This News Release includes certain "forward looking..... |
