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Gold/Mining/Energy : Gemcom Software International (GCM/TSE)

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To: Ally who wrote (3)4/3/1998 12:30:00 AM
From: John L.  Read Replies (1) of 23
 
This is my first time responding on SI. I worked in the computer field for many years, so maybe I can contribute something to this discussion.

IMHO this type of company would be quite limited in it's growth potential. It is software for a limited vertical market - mining. I suspect that there is some competition, but am not familiar with this market. My guess is that at this stage of computer evolution, there could be quite a few companies with excellent home grown software. Since these cos. have technical types on staff, surely this would be a project with a big payout and internal funding amongst at least the larger mining co's. This means that if there is enough potential to sell software in this market, there could be a number of these cos. ready to go to market, and be competition to GEMCOM. It also means that this could be a hard sell for GEMCOM.

Looking at the performance on the TSE chart, it is not impressive in spite of the recent run-up. I don't think I would bet on it with the info so far - but then, I am not a day trader.

John.
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