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Gold/Mining/Energy : Clifton Mining (CFB-Alberta)-Silver Play
CFTN 0.1100.0%Nov 7 9:30 AM EST

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To: Alan Whirlwind who wrote (472)3/30/1999 11:57:00 AM
From: andrew r harwood  Read Replies (2) of 653
 
Well the bottom line in clifton is that its silver reserves are worthless because they cant find anyone to process the ore because of high lead content and the new government regulations .this attempt to try and start up gold production is just a fig leaf in my opinion .the stock is therefore virtually worthless and its stock price reflects that fact .like nearly all of the stocks touted on this bb the best strategy would have been to do the opposite of what was recommended .there is an almost inverse relationship between number of notes and profitability and increase in stock price. i also have little doubt that there has been heavy insider selling to the suckers who bought the stock on this bb .
personally i am still bullish about the long term prospects for silver but it is obvious that clifton is not the way to play it ,wish id bought pan american silver instead .at least they are profitably producing silver and will benefit when the price rises rather than producing mirages and hot air .arh
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