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Gold/Mining/Energy : Pangea Goldfields T.PGD
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To: Peter who wrote (109)8/16/1997 10:57:00 PM
From: Wade   of 1178
 
Peter,
The best way to know NANO is to read the NANO thread as far back as possible. There are a lot of discussions about why. I bought it 5 times thru July 96 into this year. I saw it was very under valued based on its earning momentum, future potential of the new 300 mm wafer conversin, cash position, return of equity and assets. It is still way under valued comparing its peer group IMHO. But, it is not a shadow stock anymore at this moment. You should treat it as a growth stock, if you are thinking about taking a position. NANO showed me strong resilance last year during semi-equipment sector's down turn. It has changed itself to less depend on the semi- industry. I am still holding my position. We will se much higher PE if the trend continues. Good luck.

I hope Pangea jump back to its old high again. I am still in red on this value play.

Sincerely,
Wade
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