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Gold/Mining/Energy : Valerie Gold (VLG)

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To: ringo99 who wrote (123)7/8/1997 11:51:00 PM
From: Brian Kralik   of 195
 
Sure, at the current price levels. But when a stock falls from the high teens to low 1's, somebody must justify this.

They had poor management (up until the TVX boys got behind the wheel; now we'll have to wait to see if they're up to par) and poor drilling results.

Our friend Dave at Nesbitt should be shot. I don't have a doubt he realized how poor the property actually was, so he had $2.50 in mind, but $17 to $2.50 is brutal. Instead, the guy says $17 can't be justified so they've had to reduce their target to...$7. Now he doesn't look as bad. What a jerk.

Maybe we can get some lawsuits going on this one?
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