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Gold/Mining/Energy : MARUM RESOURCES ON ALBERTA -- Ignore unavailable to you. Want to Upgrade?


To: CJG who wrote (2287)12/8/1999 2:35:00 PM
From: Leigh McBain  Read Replies (2) | Respond to of 2514
 
George, find any stock that makes a little blast of announcements, that sound positive and get a ride out of it, then follow it up with silence and you will find exactly the type of stock movement we have seen in MMU. This is no surprise. If you believe they have found what they are alluding to then it is a buying opportunity, if you think it is all smoke and mirrors, then you sell on the upticks or get out altogether.

As for the POG having a significant impact, I doubt it, a minor one - maybe. Any junior with a sniff of gold makes a move when gold's at $400 an oz., with it sub $300 they will require a true "find" for it to matter extensively.

Just my opinions, CD for instance didn't do much either until they started to announce bigger "drill results" and were covering very extensive areas with little suggestion of breaks in the mineralization.

Salut,
Leigh McBain