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Gold/Mining/Energy : Golden Hemlock(GHE)

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To: Steve Johnston who wrote (541)11/12/1997 10:36:00 AM
From: Hugh M.  Read Replies (1) of 909
 
I have to agree with Steve on this one Robert, please, no flaming. When Barrick anounced several weeks ago that it would be closing mines the writing was on the wall. A company of that stature does not make a sombre business decision like that unless they have done the market analysis, and feel a rebound in the POG is not forthcoming, short term anyways.

As for GHE, the updates continue to keep they play alive, and the geology still looks very positive. What we are lacking is a sustained and focused promotion. Until a house decides to get behind this issue, and create a demand for this stock, the good news will only provide an unsustained pop. Canaccord's recent small buys are encouraging, but we are not yet the flavor of the month.

Hugh
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