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Gold/Mining/Energy : Donner Minerals (DML.V)
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To: bill who wrote (9914)12/2/1998 8:15:00 PM
From: Mr. Oil  Read Replies (3) of 11676
 
Ladies and gentlemen I don't know yet if my words will have the benefit of confirming the bad news or prophesying good. But I am out of this play for now and will wait for good news to be announced before I get back in. Hype and rumor just don't put true value in the stock. Only the real bonafided good news will do that.

The issue here is that I have been in to DML and NAI at around .44 and .22 respectively and have watched the value dwindle to pittens. The next step for a company with little cash in the bank to continue the dig, with prices that are in the heal of the boot is "consolidation" and another PP. This means that even the little bit you haven't lost yet is reduced to 'zilcho'. I know as it has happened to me twice now.

Now it is slimly possible that the stock will soar tomorrow especially with me being out, but I think the horse is out of the barn and it is time to clean the stable. I am not wanting to dash any ones hopes because when you loose money it is hope that keeps you going. But in some cases hope means you hang on only to loose more money.
There are other stocks going up which we can put this equity in to and begin to reverse the trend on our equity. Take a deep breath and make the tough decision. There will be a tomorrow and another company where the value will rise. If DML, NAI and LAB et all do hit the goods there will be plenty of time to get a pop from them at these prices. All the best to you all! No ill intent to anyone intended. Just coming to my senses myself and sharing my perspectives.

Ray
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