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Strategies & Market Trends : Strictly: Drilling II
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To: jimsioi who wrote (23068)12/8/2002 5:30:45 AM
From: crustyoldprospector  Read Replies (1) of 36161
 
Hi jims,

Regarding "... assuming they don't do something stupid like buying something that is non accretive to earnings...."

Actually, that is exactly what I hope GG does. Buying a couple of good, undeveloped properties that they can develop with their cash flow makes a lot of sense to me. Glamis looks like they are going to have a smashing success with the Fransisco Gold purchase; I'd like to see GG do this (with Minefinders?). Or, maybe they could take a good size interest in a couple of outfits like Cardero or Cumberland, which have promise for the future, and go for all of it if and when the time is right.

What I don't like is seeing GG accumulate a bunch of bullion and letting it sit in some vault somewhere, which is exactly what they are doing. I want a gold mining company. If I want bullion, I'll buy it myself.

My two cent rant on a Sunday morning ... <ggg>

Best Regards ol' SSRI mate,

crusty
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