L S Capital / Griffin Gold (OTC:BB CHIP) Message Board

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Gold/Mining/Energy : L S Capital / Griffin Gold (OTC:BB CHIP)

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To: kimberley who wrote (2403)	12/3/1997 1:49:00 PM
From: GlobalMarine	Read Replies (1) of 3594

Kim: I used to take a dim view of trading the DDs, but your posts changed my mind. Over a long period of time, one learns how a stock price ebbs and flows and opportunities will occasionally present themselves where one can pour some dough in on weakness and cash out on a recovery. I keep my core position but have put some more in at $0.60 after the IPM debacle and expect a recovery to its resistance point (unless we get an IPM-style bombshell). A downside to Maxam is that we know for a fact that the Runyons have sold shares in the past to meet personal expenses (e.g. buying homes in AZ). IMO, until such time as cash flow commences from mining, I think the family will likely continue to sell shares to meet personal expenses and this will keep Maxam from breaking out decisively beyond $1. I hope I'm wrong. Regards, Rand

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