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Strategies & Market Trends : Asia Forum
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To: Stitch who wrote (2863)4/3/1998 5:18:00 PM
From: Lazarus_Long  Read Replies (2) of 9980
 
Check out DAY. They have more CASH/share than their share price. They say they have been mining lower grade ore, but now are moving into higher grade ore which should improve their earnings. They had a loss last year due to a one-time charge. In addition, they are holding puts for more gold that they will mine this year, so a decline in gold price won't hurt them.
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