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 : Corner Bay Silver (BAY.T) -- Ignore unavailable to you. Want to Upgrade?

To: Silver Super Bull who wrote (1121)	7/14/2000 10:09:35 PM
From: russwinter	Respond to of 4409

<< the big price gains only came when buyout bids were put on the table. >> Your statement perfectly illustrates the dilemma we face as exploration investors, and is why I disagree in part with Claude about a speculative cycle based on discovery. I haven't seen a speculative cycle in much of anything based on discoveries. BAY probably has come as close to one as any, but it has been pretty muted considering the stellar results. Primarily we are witnessing companies with some excellent deposits just price erode away, with progress totally ignored. The big returns as you say have been the take outs (and for awhile technology/ e commerce scams) and those have been shockingly scarce. I not sure why, but the reason I've railed on about the negatives of explorers becoming producers is my suspicion that the good juniors are asking too much for half explored projects that they will never get the capital (DILUTION!) to finish. They are also refusing to do the transaction calculus based on $280 gold (the prayer syndrome). That's why I'm defending PGD, they read the handwriting on the wall. Rather than praying, they took the best deal under the cold, hard realities of what is appearing to be a rangebound POG. About all a serious investor in the junior sector can do, is buy quality names and pray a buy out cycle materializes that will revitalize things. We are going to need reasonable buyers and SELLERS for that. Higher gold and silver prices should be considered a lucky bonus.