Placer Dome, Las Christinas- who owns it? Message Board

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Gold/Mining/Energy : Placer Dome, Las Christinas- who owns it?

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To: phil stock who wrote (59)	3/18/1998 11:48:00 AM
From: bill	Read Replies (2) of 68

I would think that PDG laying people off is for the same reason that all the gold companies are cutting costs frantically. THE PGO. Many gold companies are going to go under. They'll be bought up at firesale prices by companies which do have some cash. KRY has tanked this morning. However, PDG has only gone up 40 cents. That tells us all what the condition of the gold mining industry is like. Gold is down 104 points today. The only thing racing to the bottom with gold is oil. I understand the passion on the KRY thread. A lot of people have put a lot of money at risk.Unfortunately, some have also staked emotional claims as well and have begun to talk about things like loyalty and bravery, etc. It's a stock. Hopefully, they'll snap out of it and decide whether they want to be right or whether they want to be rich. I watched the same thing happen on the BreX thread. (That is not to imply any wrong doing on the part of KRY. I'm simply commenting on people getting emotionally involved with a stock.) If the pros get burned, so what but I hate to see the small retail investor go down in flames.

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