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Gold/Mining/Energy : Anatolia Minerals Development Ltd V.YMC.U
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To: Bruce Robbins who started this subject8/25/2004 12:29:45 AM
From: que seria   of 468
 
I think the deposit has been taken for granted and new holes
must be announced as adding ounces in order to move price up. So holders fall out on routine results that can't be announced as adding ounces, even though they move the process along to feasibility and financing. All the better for LT holders who want to add as news gets better and price gets lower. A rare example of a stock that offers both a near-term mine and significant exploration potential at a price that would be good for either, let alone both.

Of course part of that is the the country risk discount. It appears that for many investors Turkey is scarier than S. Africa, Khazakstan, and similar spots. NEM's recent experience (mining abatement on environmental grounds) doesn't help the perception of a junior's chances in Turkey. That perception (market discount) will linger probably diminish only when a mine is being built, so this is a LT cap gains play rather than a gold fever play.
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