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Gold/Mining/Energy : CMYN

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To: dynamitehandler who wrote (511)4/1/1998 12:32:00 AM
From: Milk  Read Replies (1) of 811
 
I agree with your opinion. I, too, got burned on this one.
Didn't they see it coming?:
SPARKS, Nev., Jan. 22 /PRNewswire/ -- Amyn Dahya, Chairman and CEO of Casmyn Corp. (Nasdaq: CMYN - news) restated management's position that there is no fundamental business reason for the recent decline in the price of the Company's common stock. Management continues to believe that the Company will be able to profitably produce gold at its Zimbabwe mines through low cost tailings retreatment and open pit mining.

They may not even be able to concentrate on production now (what would be the right thing to do) because of the lawsuits on the horizon. Hope they manage to stay afloat.

Best regards,

Milk
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