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Gold/Mining/Energy : Breakwater Resources (T.BWR)
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To: dean poets who wrote (902)4/25/2002 2:05:14 AM
From: Harry K  Read Replies (1) of 962
 
BWR's chart also shows the stock's decline has slowly ground to a halt - and has been moving sideways at $0.225 since April 19th. Now is probably a good time to tip-toe in a bit - perhaps holding back until their AGM on May 2nd, is it? when I expect them to announce some kind of share consolidation - maybe as much as 1:20. THEN, wait a bit for the see-sawing to calm down, before getting in the rest of the way - especially if zinc prices continue to climb. And they haven't looked at the rising price of gold recently too much, which is an added impetus to get this stock moving. My only concern at this time is the continually rising inventory on the LME - it was up another 8,700 tons again at the afternoon close on the LME, leading me to wonder how the zinc price can keep climbing in the face of this situation.
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