Wheaton River Minerals (WRM Toronto) Message Board

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Gold/Mining/Energy : Wheaton River Minerals (WRM Toronto)

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To: Michael Markham who wrote (137)	3/9/1998 12:21:00 AM
From: mariner	Read Replies (2) of 350

Michael Thanks for the welcome. I look forward to participating. I read the recent postings with interest. While I agree management has done very well with the recent hedging program and has significantly strengthened the balance sheet as a result, I would caution against people getting too excited. I have held WRM for some time - (didn't need to sell for the tax loss yet - have plenty of that all ready) - and have been disappointed by the company in the past. Some was bad luck (the mine being flooded out in 96) but some (including too much share dilution in my opinion) was questionable management. The resource at Golden Bear is fairly small, so its upside is limited. The South American project holds the key to the company. My hope of course is that it turns out positive, but with the resource price as it is, we shouldn't get too carried away. I welcome all comments. I truly do wish to see WRM succeed as I still hold my shares at a fraction of what they cost. Lets hope things are turning around. By the way the company web site is worth a visit. mariner

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