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Gold/Mining/Energy : Major General Resources Limited
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To: sana who wrote (63)2/28/1997 8:52:00 PM
From: George J. Tromp   of 123
 
HI Sana: My purchases in MGJ have been over 3 yrs with average cost
base of around .60C. To say people will bail when it reaches 1.00
you will first have to determine the reason for the initial move.
If the rise is due a substantial change in the prospects of the
company any thing under a dollar may begin to look cheap. I have stayed as long as I have because they have some sound fundamental
properties, which may develop. It sure has been a slow proces. I
plan on seeing them through this year and then reevaluate the future.
Good Luck
George
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