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Gold/Mining/Energy : Francisco Gold - FGX.V -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (736)	5/1/2000 10:58:00 PM
From: Claude Cormier	Respond to of 1907

russwinter, I think I have to disagree on a few counts. There is very little volume and interest in FGX mainly because the stock is tight and held mostly by large shareholders and institutions. Recently the stock was driven down from $7 especially because a large shareholder decided he wanted out. Retail is almost absent simply because there is no promotion. The game is being played mostly at the corporate level. That is why the price is not higher. I think. Of course, FGX should rise if one of the 3 items you mentioned materialized. But I also think that Marlin and the other properties will have a very positive effect on the stock price in the next 2-3 months. In fact it is quite possible that FGX goes off the block and is acquired rapidly because of these new properties. I know that the interest has been growing exponentialy since they announced the proposed deal back in February. FGX management was not able to get its price with El Sauzal, but may now have all the cards it needs to complete a deal at yet a better price. The coming press release will tell how good their new stuff is.