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Gold/Mining/Energy : Caussa Capital (formerly Antares) T.CAU
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To: john who wrote (2199)1/9/1998 9:19:00 PM
From: bill718  Read Replies (1) of 4718
 
Point 1 sounds reasonable to me John, especially since it dipped to .35 very briefly today - nobody in their right mind who knew this stock would sell so low unless they were forced to IMO.

Re. point 2, ie: "fed up with lack of real news, results appear to be slow coming, they have them."...

We have both been waiting for Ojolali a long time but after seeing the lousy reaction to the last couple releases, I am now starting to think maybe it would be much smarter to release good news into a better political and economic climate (assuming we will eventually get one).

I think we need:

i) improved economic and political stability in Indo (which I believe will come by Mar.). The country needs to comply with the IMF conditions and the leadership issue must be resolved swiftly.

This news from today is a good sign: "The U.S. government dispatched a team of diplomats to Indonesia to stress the importance of following the guidelines demanded by the International Monetary Fund under the terms of its bailout package."

ii) improved POG, which I am betting will happen in the midst of spectacular crashes in other sectors world-wide on the markets... sometime soon.....here is a sample today of what I believe to only be the start:

"Stocks plunged Friday as the deepening Asian financial crisis fueled fears that U.S.economic growth and corporate profits will be hit harder than previously thought. At the close, the Dow
Jones industrial average was down 222.20 points at 7580.42. Broader indicators also sank, with the technology-heavy Nasdaq composite index tumbling more than 52 points."

I also think all the recent mine closures should eventually lead to a severely reduced supply at some point, and I suspect that will become evident very quickly once the demand for gold comes on strong.

Just my opinions, FWIW....time will tell I guess.

Regards,
Wayne
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