Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Nexus who wrote (827)	5/13/2000 9:45:00 PM
From: Claude Cormier	Read Replies (1) \| Respond to of 1907

<<Cannot is a strong word.>> Indeed. But it seems like the appropriate word to use. You have no debt, $2.40 in cash per share, and a gold property containing 2 millions ounces of gold that can be mined at US$85/ounce and on which bids have come at $7-$8 per share. Of course, there may be another revolution in Mexico or the governement may say don't mine there, it is way too beautifull to have a mine, or gold could go to $200 or less. But baring these unforeseen events... The stock is worth min $10 on liquidation. It is not a question of confirming potential, the assets are there. On the other hand, Marlin is still only potential, and like Luchio, it must be proven. <<Of course it could. As I said, fundamentals change.>> ...or expectations are not confirmed..! PFG still has to confirm its potential. <<I don't buy the argument that a stock is undervalued for months at a time in today's market.>> I think it can happen.