Caledonia Mining (CAL T) Message Board

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Gold/Mining/Energy : Caledonia Mining (CAL T)

CAL 10.40

-5.5%

Nov 4 3:59 PM EST

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To: Christian Mayer who wrote (21)	9/29/1997 7:33:00 AM
From: Bobby Yellin	of 58

looking at the financials shows a major reason for the drop in price sounds like CAl is being held hostage by price of gold didn't check the volume of the stock...which usually gives a major clue of bottom...we are getting nearer to tax selling...a lot of people have been holding on to their juniors hoping for rebounds.. I am certain tax selling is still heavily pressuring the juniors.. ryo is interesting but I think the Chairman pays herself way too much money and their cost of producing is way too high..if gold starts moving people will jump into well known names and not pay much attention to fundamentals...only when the lid is taken off gold will I think RYO become a stellar performer..there are other gold stocks that seem much cheaper on a fundamental basis.. these are just thoughts...I could so easily be wrong :)... alta,miramar,hecla,cambior,etc

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