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Gold/Mining/Energy : Pioneer Metals (T.PSM) -- Ignore unavailable to you. Want to Upgrade?

To: average joe who wrote (392)	4/24/2000 9:26:00 PM
From: Rise	Read Replies (2) \| Respond to of 502

Nice to hear from you AJ: A few months ago, I was thinking PSM is my shot at making a puss pot full of money. Now, I have pretty much written it off as a next year stock that I would buy on the dips. This is refreshing for me because I have actually reached the point where I don't even bother getting real time quotes on Pioneer. My lack of interest in Pioneer makes me think the stock is about to go on a tear. If I am not even following the day to day INACTION, then all of the weak paper must have got bored long ago. Only the true believers are left. One day, I expect to come home and get a quote on PSM and be pleasantly surprised. It maybe tomorrow or it may be in three years. Who knows...Who cares? I do however think it will be sooner than later: This is a great stock that has been flat-lining for way to long. As Kaiser puts it, PSM has only only way to go and that is UP. The insiders own 34% of the shares. That's more than 15Million shares. INCENTIVE for Insiders - I think so. The company is buying back shares to the tune of 5% each year. Pioneer is anti-promotional but says the share buy-buck program is a good use of the company's cash because the stock is extremely under-valued at these prices (this statement was made in a news release last year if anybody is interested). Currently drilling two properties. News has been slow to come out but the stage is getting set for a good run and summer drill program may provide lots of information flow. Bottom line. I don't care when Pioneer launches its speculation cycle. Just keep reminding myself about the company's good points and about the great buying opportunity that this lack of interest is presenting me. What's my point? I don't know. Just babbling. Rise