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Gold/Mining/Energy : Armada Gold 10 Million oz of Gold & 1 billion lb of Cu !
AAU 0.380-5.0%Sep 29 5:00 PM EST

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To: m.philli who wrote (462)7/14/1998 3:19:00 PM
From: Ross Orr  Read Replies (1) of 552
 
Unfortuneately one day doesn't change 1.5 years of carnage. To see things improve we need a) gold above $325 with the perception that it will hold that price and go higher and b) copper above 90 cents with every mine in South America going on strike c) the perception that Russia is a valid place to do business where one can make a buck.

I am not trying to be negative but there is still one helluva lot of negative sentiment out there and until that changes we are in for a tough hoe. But everything is cyclical and we will see brighter days, the question is when.

Ross
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