Kazakhstan minerals KMC.U -TSE Message Board

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Gold/Mining/Energy : Kazakhstan minerals KMC.U -TSE

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To: virginijus poshkus who wrote (54)	10/8/1998 8:37:00 PM
From: bill718	of 112

I think financing new mines is a world-wide problem now for many companies... and this is certainly not isolated to Kazakhstan. Perhaps a good run-up in POG will be necessary to change sentiments towards the entire mining industry, which could easily be triggered by any one of several possibilities including... a global crash in most sectors and especially US currency, massive selling of N. American assets by Japanese and others, hedge fund short covering, etc., etc. Certainly a lot of discussion pertaining to this subject on the gold price monitor thread. Such a complicated equation that nobody really seems to know which way things will go, but unless POG and public perception of gold as an investment improves considerably first, I can't see financing getting any easier to obtain for any exploration companies. Personally, I think it will happen... but over time. Regards, Wayne

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