Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: jim black who wrote (90451)	4/27/2001 12:24:02 PM
From: SliderOnTheBlack	Read Replies (1) of 95453

S African Nationalization ? Jim; I think that's a small risk - allthough it's there. HGMCY's Black Empowerment agreement is what I think you'll see vs. Nationalization. But; N American producers may be more levered to a falling Dollar/POG movement. HGMCY is a supreme value & GOLD is as well - basically unhedged. DROOY is an "option" on a "substantial" move in the POG & should only be owned in a basket imo; not a major position... Imho; the best small cap by far is GLG; great balance sheet, profitable, savy management etc. I also like growth plays GG & AEM very, very much & GG is atop my accumulate on weakness list; allthough I hold much more NEM & HM. NEM is THE unhedged, mega- N American producer that is highly levered to a $300+ POG and KGC probably the N Amer small cap with the highest upside % move to $300+ gold may be a better risk vs reward play than DROOY here for high risk/ very high reward. Perhaps an ideal weighting would be: N. Amer - 75% with NEM HM AEM GG FN.to - making up about 75% of that 75% & GLG MDG RGLD KGC the balance S. African - 25% HGMCY & GOLD the obvious plays their; with some DROOY as an "option" play. Also; I plan to add the junior/small caps with trading profits going forward here - continually building a nice position. Presently I have more Silvers than Gold here; loooooooooaded with SIL & PAAS; caught a ton of SIL on that $7.30-7.45 pullback & kept buying PAAS sub $2.50; sitting on some nice gains in these two - SIL up near 20% for me here & it's "temporarially" my largest PM holding - I think it fills the gap back up to that $10-12 range pretty quickly and it will be a heck of a nice return from those sub $7 1/2 days.

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