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Gold/Mining/Energy : PHILEX GOLD INC (PGI) - TSE.... Trading at under 30% book
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To: Braincramp who wrote (14)5/3/1999 7:39:00 PM
From: Robert Salasidis  Read Replies (2) of 86
 
Their average realized price on the last earnings was 300$. While this is greater than the current spot price it is not too far off the 1 yr hedge price (294-295). Yes I agree however, if the price does go up then their already +ve cash flow and earnings means that the entire price should go to their bottom line.

Since I placed th initial post, there has been some increased activity in the stock, so I think like the two of us, others must have liked the last earnings report and have been nibbling on the shares.
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