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Gold/Mining/Energy : Canmine resources -- Ignore unavailable to you. Want to Upgrade?

To: Ralph Kern who wrote (2680)	8/13/2000 7:03:08 PM
From: bill	Read Replies (1) \| Respond to of 2769

The price is discouraging. No doubt about that. However, it is not as discouraging as a lot of other penny mining stocks. Even the blue chip mining stocks have taken a beating. Check out Noranda. Making good bucks, paying good dividend. Price has plummetted. One can whine about CMR (re other threads) but when compared to a lot of the other mining companies, it is doing okay. With hindsight we should have all bought Nortel or BCE or Bombardier (I think Chretien's son in law has an executive position with Bombardier. Maybe Ted could ask him to be on the board of CMR and load him up with options.) I keep hearing that 2000 is going to belong to the TSE. Resource stocks are supposed to make a come back. Certainly Friday was a good day for my blue chip resource stocks--Nexfor, BNN, etc. Even TRP is on the come back trail. One of these days something has to click and people realize that how much mone a month you can spend is not the proper basis for evaluation of a company's worth. Booksellers kept telling me that Chapters couldn't make money. One highly knowledgeable bookseller said there wasn't a bookstore in a shopping mall in Canada that turned a profit. Wouldn't you just have loved to taken a swack of Chapter's stock at the top? Or Amazon? Or, or, or..... The major business of most dot com companies is selling stock, not building a business. The dot com has lost its lustre. MIY has gone from mining to a website selling diamonds. So have any number of others. Hot stuff when it first happened. Not hot stuff now. Anyone can open a website. Patience. Patience. If Ted can manage the finances, we'll have a company that actually has a product and sells something other than its shares.