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Gold/Mining/Energy : Precious and Base Metal Investing

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To: pater tenebrarum who wrote (760)12/8/2001 3:28:56 PM
From: russwinter  Read Replies (1) of 39344
 
What do you say: speculative run or massive capital flight? Looks like a lot of both. Is there any reinvestment back into SA, or are returns too low? Is this in any way tied to the resource depression? I reading where people are trying to get out of the country to go to England? I believe this is bearish, not bullish for SA miners as they are not in a sustainable position. They can't move their mines: stuck in place. Good selling opportunity to switch to non-SA, nonhedgers. Not too many of those are cheap either: I'd say NEM, IMG and the quality juniors is about all that's left.

mg.co.za
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