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


To: Elizabeth Andrews who wrote (12701)2/24/2000 11:18:00 PM
From: Ronald Russell  Read Replies (1) | Respond to of 14627
 
Exactly how many junior mining companies do you know who have cash flow without ever drilling a hole? Just curious, what is your position in this stock? Are you long,short,or just a natural pain in the butt looking for a place to happen?



To: Elizabeth Andrews who wrote (12701)2/25/2000 4:49:00 AM
From: Phil Jones  Read Replies (1) | Respond to of 14627
 
Elizabeth, PFG isn't the only company with millions of $$$ of capitalization and no returns yet. What about all the new Internet companies? Yahoo reportedly is capitalized at something like US$10B and hasn't shown any return. I think an investment in Yahoo (or Amazon.com or other "dot.com's") is riskier than investing in PFG.



To: Elizabeth Andrews who wrote (12701)2/26/2000 3:17:00 PM
From: charred  Read Replies (1) | Respond to of 14627
 
Elizabeth, you don't get it. Most juniors don't have cash flow. They raise money by diluting the stock. It's a fact of life.

And if you don't like the way the financing is done, don't invest into the junior market.

This is what makes this business exciting.