Caussa Capital (formerly Antares) T.CAU Message Board

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Gold/Mining/Energy : Caussa Capital (formerly Antares) T.CAU

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To: Lamont who wrote (3737)	7/8/1998 1:23:00 PM
From: THE SKEPTIC	Read Replies (1) of 4718

Hey Wayne, Seems I got your dander up a bit there.My comments are in no way a slam on anz.I do believe that there is potential here however there are way too many people on this thread that have held anz shares from a dollar or more all the way down to .29 That to me is just plain poor investment strategy.I suppose if I had bought at a dollar and was now sitting on .29 cent shares I would probably not bail either. The drill results suck and thats just the way it is.There is not one intercept that is economically viable to mine.The idea of going down 300 ft to mine a 2 foot wide minerlized zone is nuts.I also see that the width of the high grade discovery hole in the creek zone has shrunk from 13 ft to true width of 2meters.The low grade at Kemess is the reason most analyst dont think RYO can profitably mine it after the higher grade ore is gone. I see steppe gold got the big cease trade from the osc today.They are in serious trouble financially and that whole scenario aint over yet.That could be a benifit to anz as steppe may need to sell out or merge with anz in order to survive.Khazakstan has potential and I see it as anz's best asset at this time.If the goverment there doesnt panic at the fact that steppe may not be able to live up to the development of that deposit and yank it from them in favour of a major with the money and expertise to mine it. As far as house 7 buying yesterday yeah they bought 10000 but they sold 30000.I dont call that buying.The 62000 bid at 28 was there yesterday in the area of 45000 but that bid disappeared prior to the last hour of trading and I suspect if people started hitting the bid at .28 it would vaporize.It wouldnt be the first time a bid was put in under the market to give an elusion of support,hell I have done it myself and you know it works. Of all the threads on si the regulars on this thread seem to be the least willing to hear any opinion that isnt the same as theirs.Trading securities with blinders on leads to buying shares at a dollar or two and then riding them all the way to .29 with blinders strapped on tight.Anyone that buys stock and holds it beyond a 20% decline is not that intelligent and perhaps should not be offering opinions to others.I made 3000.00 on a 6800.00 intial investment in anz between selling at .35 shorting and buying back at 30.How much have you made on anz in the last year wayne.Maybe you do alright with your cheap incentive options insiders always seem to make money boom or bust. For the average Joe out there selling at 30 to 35 and buying back in at 20 to 25 makes a whole lot of sense.I am not a liar and when I say I currently hold no position that means I currently hold no position but I am looking forward to the oppurtunity to buy in again in the low 20s.Have a good one boys.P.S. I bought bdc at .37 with my anz proceeds last week and its at .52 today that beats waiting for anz to do something.

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