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Gold/Mining/Energy : BRE-X, Indonesia, Ashanti Goldfields, Strong Companies.

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To: Goldberry who wrote (3929)1/20/1997 12:49:00 PM
From: Factfinder   of 28369
 
I don't like to bet against the system so I am going to wait for resolution of this situation and then assess at that point whether there is any upside down the road once I am dealing with the facts and not speculation. The upside isn't big enough to speculate on Bre-x in my opinion. I would much rather play Winspear or some other company that has the same upside that Bre-x had a few years ago if I am going to speculate with my money. Remember when you are speculating you have to be prepared to loose it all which means there needs to be a lot of potential upside to take this kind of risk. I have only seen expectations of 28 to 35 on Bre-x recently and that doesn't meet my criteria for engaging in a speculative play. These are my own views and I am reponding to a question. I think you have to be objective and rational at all times and keep things in perspective. The rest of the world isn't like Canada. Canadians and Americans for that matter live in a very isolated environment which is not the norm in the world. The rules of the game are played much differently elsewhere.

Good luck with your investment
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