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Pastimes : A Jackass, his PAL(indrome), and GOLD

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To: Chispas who wrote (28)12/29/2002 1:29:09 PM
From: Jim Willie CB  Read Replies (2) of 1210
 
I have spoken numerous times about the downside of SoAfricans
in the early summer, news came of the govt takeovers
many dispute my opinion, and that is fine
they thought that nothing would change
well, govt now informs of higher community spending and tougher rules on operations
this is only the beginning
I think SoAfricans suck as much as Newmont

what is bad for SA miner stocks is great great great for gold
their inefficiencies will result in poor production, thereby reducing gold world supply
no govt supervised company, operation, or project will be as efficiently or effectively run as a purely private one
PERIOD
so what if reserves are huge?
it is all about future profits and cash flow
SA's wont be anywhere as good on relative basis

I love junior canadians
/ jim
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