The 56 Point TA; Charts With an Attitude Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: David Graham who wrote (11166)	1/23/1998 1:38:00 PM
From: RADAR )))	Read Replies (1) of 79327

David: GTCMY - Took a quick look at GTCMY - Great Central Mines Ltd. Did not find a lot of information on them from my quick search, but noted that the stock is up 1/8 point today on a 1000 share volume! The ask is 3 7/16 and bid at 3 /34. The high for the last five years has been in the 8 1/2 to 9 range. GTCMY made a takeover offer of Eagle Mining Corp. in August of 1997 for 3 a share, but the offer was rejected. GTCMY is not followed by any brokerage houses making any recommendations. Could not find a ranking on GTCMY in the mining/metals industry either. Be interested to hear what you found. I have looked at a couple of metals stocks lately. Two or three have tickled my interest enough to look further into them. Echo Bay mines and Franco-Nevada Mining Corporation both caught my interest. ECO - Echo Bay Mining Corportation Has been hit with a triple whammy over the last year. With gold prices down and the cost of production fairly high, Echo Bay has had to close several of their mining operations. Echo's cash operating costs are pegged at $256 per ounce of gold mined, with developmental and exploration costs the price is $373 per ounce. With the closing of some mining operations though, Echo has lost their status listing as a component of the S&P500. Echo has undergone a major downsizing program and taken all their writeoffs on the last earnings statement. The share price on ECO has fallen to as low as 1 1/4 and today sells for about 1 13/16. With a price of 12 less than two years ago, the stock appears to be oversold at this time. Could be a higher risk/reward play if gold does bounce back in price. Too much valuable property to go out of business without getting about 3 a share for the property value alone. Who knows, at these price, maybe a buyout is in the cards! Certainly an attractive company! (pure conjecture) FNMCF - Franco-Nevada Mining Corporation I have held this stock for several years and done well with it as it split in share price and went back up several times. The company profits from owning royalty interests on gold properties. In addition approximately 11 percent of its revenue comes from royalties on oil and gas properties. With only a handful of employees and modest investment expenditures, FNMCF carries no long term debt and boasts an operating margin in excess of 95 percent. I'm looking at a few others also..... RADAR

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next