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Gold/Mining/Energy : Armchair Analyst's Club (T/A & Fundamentals)(Pennies)
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To: Ronald P. Margraf Sr. who wrote (55)6/10/1997 1:28:00 PM
From: dave herbert   of 82
 
Greetings Ron
On rrk they sold about 8 mil worth of diamonds from col last year.The reasons for it being at the present level seem to focus around the claim of ownership filed by union pacific land resources.I feel that once this is settled in rrks favor there should be institutional buying and a triple by year end is not out of the question as they will probably be showing a profit third if not second quarter.
Ryo is currently restructuring there mines closing down high cost and opening another.With there reported losses and the fall in gold prices the drop is in line.This is a good medium turn but at these levels as the news should only get better from here on with a rise in gold $5 will not be a problem.
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