Indochina Goldfields ltd Message Board

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Gold/Mining/Energy : Indochina Goldfields ltd

ING 24.92

-2.2%

Oct 31 3:59 PM EST

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To: Peter Neidhardt who wrote (36)	2/2/1998 4:32:00 PM
From: Pierre J. LeBel	Read Replies (1) of 109

I do not know why ING-T is still selling at $ 2.30 or so. They have lots of money in the bank according to their latest financial statements and confirmed by their recent press release. My guess is that a lot of shareholders got stuck buying this stock at $ 15.00 or more last Spring, before the BRE-X fiasco. They have been selling heavily in November and December to realize a tax loss and very few analysts are currently following the stock creating a void of buyers. Add to that the fact that they are perceived as a gold producer and they deal in Asia! What a combination at this time! Basically, they have good properties, decent management and lots of ca$h in the bank so we do not have to worry about a rollback or further dilution in the near future. It is a perfect stock to keep in a pension account such as RRSP in Canada. It WILL double, it WILL triple, it will even QUADRUPLE. I just do not know how long it will take. Have a look at their web site if you have not yet done that: it is worth a visit. Have a very nice day. Pierre

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