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Gold/Mining/Energy : Allegheny Mining (AYM on Alberta)
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To: Hutch who wrote (23)12/10/1998 7:40:00 PM
From: Steve Johnston   of 24
 
Looks like George finally ran out of cash to continue operations. Too bad, really. He is a likeable chap, who seemed to know his geology, and kept finding interesting new properties to explore. Unfortunately, speculative penny gold mining shares are about as popular as ants at a picnic right now. There is simply no investor interest. It is tough to say when this situation will change. Obviously the POG must rebound, and someone, somewhere must come up with a legitimate new discovery to get things going again. A collapse of the "blue chip" sector would help as well. People are getting used to raking in big returns on the DOW, TSE 300, etc. Why risk putting your money into juniors? If you are out there reading this in cyberspace, George, take care, and good luck with your future endeavours.
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