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Gold/Mining/Energy : Flag Resources (FGR.A A) -- Ignore unavailable to you. Want to Upgrade?

To: ali who wrote (2834)	3/15/2000 11:49:00 PM
From: jbr29	Read Replies (1) \| Respond to of 4269

Hi Ali, Whoever caused the run-up and downfall may be irrelevant to you if you have invested at low prices and continue to hold. I initially invested in Flag at .85 in 1996 and continued to acquire all the way down into the teens, so my average cost is in the high 30s. I continue to hold too. My reasoning is that Murdo has run this business for a long time, so that although I cannot dismiss the possibility that Flag may fold in the future, the likelihood is that Murdo will probably keep it going as it is. An impartial observer, coming to this forum and examining the state of affairs cannot reasonably conclude that Flag is a good investment based on its debt ($4.5MM) or its management (unfocused on objective and not so good with the PRs). On the plus side of management is Murdo's stick-to-it-iveness and his belief that El Dorado lies ahead. The main reason for optimism with Flag, bar none, is the hope that Sudbury will yield a major PGM/nickle/CU discovery SOMEWHERE. Sitting on 70K acres is a big plus. Inre: Flag's geologist> I don't know. It was posted on Kitco by PGM Man, and fits into the rumor scenario. Please ask Murdo and post his answer. It is important that the investing public be shown just how insidious these methods of rumor can be. Promise ?