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Gold/Mining/Energy : AMP.C Asia Minerals - About to take off:
AMP 494.43+0.8%2:50 PM EST

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To: Baba 2 who wrote (100)1/29/1998 12:34:00 AM
From: Yorikke  Read Replies (1) of 135
 
Baba2,

The simple fact is that if you grab a snake by its tail and it bites you, you are going to get hurt. This was a very professional attempt to do business in China. They may be ready to have their slaves make bowls for outside markets but they are not ready to do real business with professional mining companies. There may be a lot more huff and puff and three years from now a real agreeement both sides can live with. But the market price shows the value of that possibility.

Asia Minerals will likely survive. They have probably felt this possibility for some time. They have a few properties in the Philippines and may have a few more elsewhere. They have a large shareholder that can utilize the expertise of the firm. I believe they will be back. When? The price says not soon.

This is a good team, I think they will do something as quickly as possible.

regards,

mnmuench
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