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Gold/Mining/Energy : Precious and Base Metal Investing
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To: Claude Cormier who wrote (100)10/11/2001 3:09:02 PM
From: marcos  Read Replies (1) of 39344
 
Yes that was impressive of gng.v to raise money, and the market has rewarded its shareprice by recovering to the PP level after falling below half of it ...... and that's good, lol ... better treatment than it's handed bay ...

In this market i think of most juniors i hold as low-cost options on the PoG, without expiry dates because the weak have long since been weeded out, for the most part ... something with immediate drill prospects gets bid up to a pathetically insipid degree, then falls back ..... so the old dictum of Don't Chase Em gets applied to lower and lower shareprice levels, a person gets leery of anything that's already doubled on the 52-week no matter how ridiculously low it's been

So i look to get in on the cheap, the X-Cals and Nationals with their Sleepers and Salamandras going for market caps below the figures they've paid to acquire their interests in them ..... less immediate their prospects perhaps, but higher leverage and, arguably, less near-term risk

How sour are you on ply.v? ... i was wondering if the lack of a JV could be explained by 1. the dismal outlook for zinc, or 2. Briggs asking too much of the majors in wanting to JV only a portion ..... ?? .... cheers

[edit] - ah geoff is asking you already ... i was chasing a deer out of the garden in between typing -g-
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