Dutch Central Bank Sale Announcement Imminent? Message Board

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Politics : Dutch Central Bank Sale Announcement Imminent?

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To: Bill Murphy who wrote (1739)	10/21/1998 10:07:00 PM
From: Robert Dirks	Read Replies (2) of 81014

Someone else bullish on Gold: "the price of gold isn't just going through the roof, it's going to the moon." Casey says hold -- this one's a survivor Eldorado Gold Corp ELD Shares issued 72,996,872 Oct 20 close $0.49 Tue 20 Oct 98 In the News Douglas Casey, writing in the Oct. 1 issue of his International Speculator, comments that Brazil-focused Eldorado Gold will survive the depressed market for junior resource companies. The reason is, he says, that higher gold prices are imminent. The inveterate gold bug says in this issue that "the price of gold isn't just going through the roof, it's going to the moon." Of more immediate concern are its current share price -- 67 cents at the time of his report-- and its cash position. Mr. Casey says its treasury, which stood at a substantial $10-million on June 1, 1998, is misleading because the company has even more debt. In addition, Eldorado's cash flow is still not convincingly positive. Mr. Casey recommended the stock in January 1994 at $4.45, again in September 1995, and in December 1996 at $9.35. The stock peaked at $10.10 in November 1996 following a $150-million investment in the company by South African giant Gencor.

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