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Gold/Mining/Energy : Repap (RPAPF)
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To: Wizzer who wrote (118)4/8/1998 9:23:00 AM
From: scott  Read Replies (1) of 485
 
i bought at 12 cents and am still long but will be exiting imminently. it is fully valued at these levels and the "big boys" bought when there was no liquidity and the stock was trading sub 15 cents. they r certainly not buying at these levels and r probably looking at an exit strategy. after everything said and done, u must remember this is a one asset company, mir michi, and have huge debt thus is a very simple company to value. it may trade up to 40 cents on spec but the asset value is not there to support anything but a take under price. the size money was made by those whom took the risk and bought fidelity's block at 10-12 cents. not it is fully valued and rather a boring story. ta
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