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Gold/Mining/Energy : GEOMAQUE
GEO 14.93+0.6%Nov 12 4:00 PM EST
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To: russwinter who wrote (180)6/1/2000 12:45:00 PM
From: ogi  Read Replies (1) of 260
 
Russ; They have about 740,00 ozs inferred there and I think it reasonable to assume they will expand the resource in the coming years.Any additional resource would have to be pretty spectacular to greatly impact the stock price and odds are that won't happen. I was and am playing this as a turnaround but I am not really an investor in ongoing mining companies. Mining is a nasty business fraught with difficulties, mostly unforeseen. I find exploration stocks much more interesting and when GEO does climb out of the gutter I will no doubt move on elsewhere. They do state their desire to grow through acquisition and this may or may not add value but does echo your sentiment of consolidating smaller companies into ones with greater critical mass. I did recently purchase Goldfields of South Africa, GOLD on NASDAQ, a small amount for my RRSP but again that is a turnaround play on the price of gold, although they are currently profitable and unhedged and depending on the future market I may or may not keep it for the long haul.

So I am sorry, I haven't done projections of cash flow for Geo and that sort of analysis and can't say with any certainty what they would be. I am playing the odds that they can meet the numbers in the feasibility studies and that if they do the stock will rise. If p.o.g. also rises then of course Geo will rise exponentially.

I may have sold SJD Russ but I wish I had sold a lot of others as well. Best of luck to you on that one!

Cheers, Ogi
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