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Gold/Mining/Energy : Pacific Rim Mining PMU.T
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To: Bill Jackson who wrote (229)1/17/2004 8:30:26 AM
From: Phil Jones  Read Replies (1) of 312
 
Bill, the drop in the POG over the last week demonstrates how sensitive PacRim is to changes in that indicator. The POG appears to me to have been the cause of virtually all of PacRim's gains over the last year. The POG goes up, PacRim goes up; the POG goes down, PacRim goes down. Investors seem to have placed very little reliance on any news the company has put out. The $5 run-up a few years back must have made many investors very wary of this stock.
Phil
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