Precious and Base Metal Investing Message Board

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Gold/Mining/Energy : Precious and Base Metal Investing

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To: Canuck Dave who wrote (7152)	1/30/2003 11:38:22 AM
From: russwinter	Read Replies (2) of 39344

There is a fundamental problem with both the majors and the juniors IMO. The majors are very slow developing or acquiring new deposits or reserves, and the juniors are slow at exploring, or in the cases where they have reserves, selling them or properly funding their development. Case in point is YMC.u. Why would they being doing a 90 cent private placement at 370 POG? Buy and large I see management ability in this sector as about a D grade, really quite poor. They're always stuck in limbo, and nobody knows how the create shareholder value (). () example of how this is done, see Elan. There has been a sea change there, and it's starting to show in the share price. biz.yahoo.com My patience there is being rewarded, but why should I have any more patience with this PM management crowd? Maybe time for me to move on, and I don't think losing investors like me bodes well for these stocks.

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