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Gold/Mining/Energy : GGFI-GUYANA GOLDFIELDS

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To: virginijus poshkus who wrote (139)10/4/1997 10:45:00 AM
From: CLK   of 259
 
Buy on opening Monday hopefully on a dip but buy at market. There is nothing on my plate anywhere in the league with GGFI and SIR(see exception described below). These are two super plays and I have screened an awfully large number to find them. Remember they are both going to be volatile but the pattern will be strongly up for both. Have you read thru the web site..how do you like a 13,000 ft strike length? How about grades of .3,.4 over large widths, mining favorable laws, large property, sophisticated management? Looks amazing to me but it had to consolidate post split before it became a buy and NOW it has done that. Almost missed the timing myself as I started buying only a month ago. Close call! The other stock that is on my plate is GCC.P trading at 7.75. I started a thread on Golden Cycle Gold a long time ago. 1.9 million out and producing about 200,000 oz a year with a 33% interest in partnership with a wholly controlled sub of DeBeers/Minorco. This is the BEST gold stock period but you have to buy it 100 to 500 shares at a time because it is so thin. Eventual target well over 100. Some money to pay back to the JV ahead of earnings (100 mil or so) However no debt, unbelievably good management and a property that is a known monster. If you call Amazon.com and order the book Money Mountain by Sprague and read it you will know all about GCC.P since the book is about Cycle. It is a mind boggling and fun book and the numbers are out of this world. Not a trader like GGFI and SIR and more of a long term hold but the most leveraged play on the gold price you can own. Worth buying 100 shares just to be on the mailing list. GCC is safe, secure and eventually worth 10 times current price. Right now however I am a buyer of GGFI. GGFI and LYDX are in the same office. Son and father. P.S. Jr. is one smart guy! Seems to have learned a bit from both dad and the London School of Economics.
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