Dakota Mining DKT Message Board

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Gold/Mining/Energy : Dakota Mining DKT

DKT 25.00

0.0%

Dec 27 4:00 PM EST

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To: Jaunatxo who wrote (46)	5/14/1998 10:41:00 PM
From: bob k	of 141

I have another thought that I should share. Dakota mining could pay off their debt right NOW if they desired with the 52,000 oz they have in inventory. They are choosing not to because they anticipate much higher gold prices in the very near future, and will now borrow against that asset and "HOLD THE GOLD". A twist to forward sales...... Nice gambit if correct! If I'm correct, due to their continued winter operation. I believe they have much more gold than I think. Another gamble would be to borrow against that extra gold until we get to 340 - 350 per oz to capture the extra 15% from todays prices. Of course the POG rise must be expected very soon. Is this gold mining or chess?

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