Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Nathan who wrote (20629)	9/22/2000 8:57:32 AM
From: pater tenebrarum	Read Replies (2) of 436258

the stock you're looking for has the telling symbol GOLD. it was recently under pressure because the RSA authorities declined approval of its merger with FN. after reflecting on this a little bit i've come to the conclusion that that's actually created a buying opportunity...you're looking at a company with 72 million oz. of PROVEN reserves, the mining of which costs approximately $220/oz. (total cost) right now. well, you do the math on what that should be worth... earnings have been rising sharply for three quarters in a row to boot(you wouldn't know it from looking at the stock price), and it's completely unhedged.

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