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

To: Claude Cormier who wrote (760)	5/3/2000 10:26:00 PM
From: Nexus	Read Replies (3) \| Respond to of 1907

<<For your info, I've been trading PFG for a while.>> Considering you have been calling PFG overvalued since under $2, and that you have put in doubt their methods of increasing shareholder value, I seriously doubt that you have been trading it. I don't buy that. <<FGX/Marlin at 3M ounces might be will be better than PFG/Luchio with 6M ounces.>> PFG/Luicho at 6M oz would command a high buyout offer. We already know that majors have been taking serious equity positions in the company and that one of them will probably finance the company (Bob Bishop said so in his report, not fly by night promotion). Can you say the same for Marlin with it's 1K daily trading volume? Claude, you simplify your analysis too much when you talk about ounces and NPV and cash position...It's much more complicated than that. It's all about what somebody is ready to pay for something. PFG is already shaping up to look like a company that most probably will be taken over in the short or medium term. As an investor, you have to recognize that if you want to make some serious money. I couldn't care less about any other number that the price I paid for it, the number of shares I bought and the price that I sell. Oh yes, and the commission. I think with new developments, if very positive, FGX is probably a better investment than PFG as it does hold some value (not as much as you think but as much as the market thinks) but I am convinced that PFG is a much better speculation with higher probability of greater rewards. I think there is a place for the two of them in the resource section of a portfolio. You can't just invest in resource 'value' plays that you talk about or you are left with a 'value portfolio'. It must have been very painfull over the last few years to buy something that seemed like a value play at the time only to see it cut in half and then cut in half again and so on and so on... Nexus