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Gold/Mining/Energy : Pacific Rim Mining V.PFG -- Ignore unavailable to you. Want to Upgrade?

To: re3 who wrote (14043)11/4/2000 9:25:36 AM
From: Bill Jackson  Respond to of 14627
 
Ike, There are people who specialise in these crippled companies. they are called 'bottom feeders'.
They do an analysis and then buy at 5 cents and wait and see. It is a valid strategy to make money and is like shorting high flyers...in a way. There are funds who do this, called 'vulture funds'. You may recall the vulture funds that bought the Eaton debts and made a good profit?

Bill



To: re3 who wrote (14043)11/4/2000 12:20:43 PM
From: Elizabeth Andrews  Respond to of 14627
 
For UKH to work silver has to be about US$15 per ounce. Very bad ground conditions that require extensive rock bolting, screens, grouting and internal supporting pillars. Continuity is also a problem and makes for expensive development work to follow ore shoots. Otherwise much dilution at zero grade. Plus where's the deposit?


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