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Strategies & Market Trends : Winter in the Great White North -- Ignore unavailable to you. Want to Upgrade?

To: marcos who wrote (605)	4/25/2001 3:13:48 PM
From: LeonardSlye	Read Replies (1) \| Respond to of 8273

“If you’re goin’ to Winnemucca Mac, with me ya can ride”. So, the Sleeper Mine is accessible from Winnemucca. Never thought I’d see that name other than in the old Hank Snow song. As I said in an earlier post, the mining sector is something I’ve got a lot to learn about. Right now, I know that I still don’t know what I don’t know, if ya know what I mean. I found an old Geological Dictionary of the wife’s but now I need an English/Geotalk dictionary for the translations. But, when it gets right down to it, it’s all just business, eh? Am I right in assuming that to turn around XCL and enjoy a huge upside they’ve gotta come up with some bucks from new investors before the end of June (or the next extension) through their 3D model presentations and on site visits and then be able to pay ongoing expenses through what they can find near the surface? The financing doesn’t seem to me to be a huge problem, when the US GDP numbers are released on Thursday there may be a lot of people wanting to get into gold. But seriously, a few good hits on their presentations could swing it. My subjective reading of the current TA shows a good chance of more downside showing that there may be time for more reflection. But then, the charts are out of whack with Nesbitt’s dumping. They’re probably more a measurement of manipulation than market psychology about now. So, there’s probably not much reliability there. But, for me, getting in now would be a violation of my prime directive “Only trade an uptrending stock”. After fingering myself as the culprit in any bad trades I made, I decided that I could no longer afford to place any buy order on hope (but, then again well calculated odds hmmm..). All of course, JIMHO. Marcos, a couple of questions, por favor. Do you have any conjecture on what is driving Nesbitt’s dumping? Secondly, what will happen to XCL if they can’t come up with the 1.7 mil to close the deal? Naturally, I’m hoping they do...I’m always on the side of a guy who’s good with a chainsaw. I’m wondering if it might be prudent to see what the projections for being self sustaining are after they close the deal for the mineral rights to the Sleeper. Somewhere in the links, you answered a couple of other questions I had, one of which was what the previous owners had been doing with it. So, do ya figure there might be enough gold under the old lunchroom to keep the new boys in peanut butter sandwiches for awhile? Actually, I’ve been looking more in the direction of Uranium for my research in mines...DEN.TO led me in that direction...and George Dubya. As Dennis Miller says of him “He’ll drill anything in sight.”. I saw 2 university scientists on TV (suspiciously, they’re Texans and it looked like they had bought their beards in the same disguise store) who were sayin’ “that ole Chernobyl thing, ya know it wasn’t so bad...”. Is this the start of a Dubya propaganda campaign that will have nuclear reactors sprouting up like “Everything for a Buck” stores?? I don’t really know...but I do have the eerie feeling that getting into Uranium is something like investing in “Napalm, Napalm and Child Murderer”. But, as the Emperor Titus said to his son about taxing the urinals of Rome, “Pecunia non olet”...”Money has no smell”. So, as you can see I’m confused about a lot of stuff...LOL... Gotta go, I’ve only got a coupla smokes left Happy Trails, Lenny