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Gold/Mining/Energy : Rubicon Minerals

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To: Joey Two-Cents who wrote (220)	5/19/2003 9:42:45 AM
From: Enigma	Read Replies (1) of 470

Joey, you're right and I appreciate your factual posts here and on SH - not so partisan as mine I have to admit! But then SH has become a nest of vipers. It is often said that the stockmarket climbs a 'wall of worry', in Rubicon's case it's a fog of negativity I guess. Someone made the point to me the other day that the retail investor has deserted the markets. So a lot of these posters are probable wannabes of one kind or another. Wannabe shorts and longs! As you know Rubicon has a large number of institutional investors -I can't recall the exact number, but it's at least a dozen I seem to remember, and these recent block trades may mean more have joined the table. It looks as if the stock price will be driven up by valuation in the end and Rubicon will become a takeover target - with hopefully at least two potential mines. As a point of pure speculation I wonder if Goldcorp hasn't started to nibble away? Mind you Anglo is sitting right there - but even as a arbitraging play Rubicon would be a good bet.

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