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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies

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To: Yellow Jacket who wrote (3172)9/4/1998 1:33:00 PM
From: Bucky Katt  Read Replies (2) of 119973
 
Yellow Jaket--Your research was not in depth enough. Their costs of production, at this moment, are zero. That is why they let the mine workers strike. They know cost is high, and they will solve it. Cost is zero to let a loaded heap leach down.
The hedges they have are worth aprox. $40 mil, if they were to close them, today. The Cuba property is key, similar to the mine that Freeport has made billions from. They also hold an interest in one of the worlds largest copper deposits. And, they have huge exploration potential.
As with any beat to sh*t sector, it is all on the come line. Still, they have a 2x cash position to price, and zero debt. If you had to hold a gold stinker, this is the one.

The South African mines have zero exploration potential. They are just milking the cow at this point. A waste of capital, Africa.
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