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: Claude Cormier who wrote (828)	5/13/2000 10:32:00 PM
From: Nexus	Read Replies (1) \| Respond to of 1907

Claude, <<The stock is worth min $10 on liquidation>> You know that you cannot get anywhere close to the value of the assets if they were sold on liquidation. You most likely get 50 cents on the dollar. If cash is $2.40 and bids have come in for $7-$8 per share for the property and were rejected, then the stock is not worth $10 on liquidation. Why as an investor would I pay anywhere close to $10 if I know it is the maximum potential value I could get from someone else. It is normal that FGX trades at a much lower level if there is no possibility of another suiter to come in and bid higher. The only things that can help the share price is a surprise bidder to come out of the blue, a gold rally or a discovery on Marlin. But please don't compare Marlin to Luicho because while there is not a single drill hole on the Luicho property, everything else points to a big resource. Yes it still has to be proven but it's like China, I've never been there but I know it's there. Nexus.