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Gold/Mining/Energy : Pacific Rim Mining V.PFG -- Ignore unavailable to you. Want to Upgrade?


To: Phil Jones who wrote (12465)1/18/2000 9:09:00 AM
From: m jensen  Read Replies (1) | Respond to of 14627
 
Thanks for the kind words Phil, Qd!

Phil the rollercoaster was a nice analogy I been up one too many times only to see the profits turn to losses. Greed no doubt was the driving factor >g< I happened to talk to Catherine shortly after Cofradia was a bust, and she mentioned them rolling in another project in fairly short order. So I took the sub $1 gamble one more time as I always felt the underlying value of Diabllilos in a rising Silver environment would allow the exit. I had no idea this project would command the attention it has recieved.

This stock has been good to me, and while I am mostly out I still hold a handfull for the upside. What a great time it would be for us all if the PM's started to rise. My feeling is it is going higher, although I never lose site of how folks make money on these plays. As Charred pointed out I do think a financing will come, even though the company feels they have enough for the initial program, the prudent thing would be to refill the kitty prior to drilling.

The wildcard for this play is of course higher POG,POS, the odds are getting better by the day for this to happen. The CEO has a good track record of taking stocks to fairly lofty levels, albeit under different conditions than prevail at this current time in the commodity's.

Best of luck to us all, I'm still in and should it pullback significantly I may hedge the few shares i have left which are paid for a few times over.

Mike