Dutch Central Bank Sale Announcement Imminent? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Dutch Central Bank Sale Announcement Imminent?

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Luisa G. who wrote (2096)	11/6/1998 6:59:00 AM
From: Bill Murphy	Read Replies (2) of 80999

Luisa G, Dave Fennell is a proud man. He is a lawyer and former All-Pro defensive linemen for the Edmonton Eskimos and owns a couple million shares of stock of a company that was 21 just a couple of years ago. He set out to find gold and did so in an almost unprecedented fashion. We feel he found 7 properties that will become mines. The next one to become a reality ( Gros Rosebel in Surniam, a JV with Cambior, is going much better than expected ) and probably will be a mine even at $300 gold. Fennell could not control the gold price. At, $390 instead of $290 he is an extremely wealthy man and very successful as his gold finds would be much more advanced than they are now. He was frustrated and wanted to move forward as he is bullish for the price of gold. The Board insisted on greater caution. Exit Fennell. They have $13 million in cash and have cut their burn rate to $600,000 per month. There are no other problems. In fact, the stock is a safer buy here and more attractive now because I expect them to be taken over ( therefore a good premium to be paid to today's stock price ) by Cambior or some other well heeled mining company. bill

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next