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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Claude Cormier who wrote (38891)	8/12/1999 2:54:00 PM
From: Ken Benes	Read Replies (2) \| Respond to of 116922

Yes, I would agree that there are some quality juniors our there. I just think that the time is not right for them. Before new mines are even thought about, a lot of problems are going to have to be worked out in the current market as a result of the chaotic past two years in the gold market. Consequently, if there is a move in the gold price, and that is still and if, the safest place to be is in the quality seniors. Ken

To: Claude Cormier who wrote (38891)	8/12/1999 3:32:00 PM
From: Ptaskmaster	Read Replies (1) \| Respond to of 116922

Your interesting debate with Ram Rao and Ken Benes on the relative value/leverage of South African versus Canadian gold juniors/explorers is pertinent and useful. However the point about private placements and similar arrangements was well made. Canadian residents have advantages over US residents in trading Canadian listed juniors, particularly in electronic trading with minimal commissions and in receiving tax advantages attached to the public issuance of 'flow-through shares." US residents perforce must pay real broker's commissions, and then watch in dismay as 'flow-through' share issues for which they do not qualify significantly increase shares outstanding, diluting the value of shares in hand. Ptask