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Gold/Mining/Energy : Golden Raven Resources Ltd (GVN)

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To: Newman who wrote (2576)9/28/1997 2:21:00 AM
From: Patrick Ives   of 3155
 
Newman,
I hear what your saying, but it is this whole gold mining sector that is depressed. The only mining stocks that seem to be making a move right now are the companies that are drilling in Voisey Bay in the nickel play. There seems to be a renewed interest in gold in the last couple of weeks however, even if it is slight, it is a positive sign. I heard an investment advisor on the radio today and he was actually advising people to buy gold stocks in the big players such as Barrick as he felt that gold would be making a significant move soon and that these major gold stocks were undervalued. If the big boys make a move they will drag the little guys along. I guess we will just have to wait the 6-8 weeks before we see any major movement but the timing might be just right if the price of gold is on the move. I have held this stock since the Spring so I will hold another month or two because I feel this company does really have the goods and when this sector starts to move I think we will be rewarded nicely for our patience. Best of Luck,
Pat
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