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Gold/Mining/Energy : Gold and Silver Mining Stocks -- Ignore unavailable to you. Want to Upgrade?

To: s.jennings who wrote (1152)	5/28/2001 2:01:57 PM
From: baystock	Read Replies (1) \| Respond to of 4051

<Maybe you can find the source of certain peoples bullishness. > I think peoples bullishness comes from the fact that IF they survive the bear market in gold, GSR will benefit from having almost 200K oz of yearly production from Bogoso and Omai and another 100K oz from their Gros Rosabel project once it is developed. GSR currently makes up only 3% of my gold stock portfolio, but Bill Murphy appears to like it. But this should be taken with a grain of salt since his skills are more in the realm of touting and less in analysis: groups.yahoo.com As long-time Cafe members know, a good deal of my investment funds are tied up in Golden Star Resources. Someone keeps bopping it down on rallies. Must be a stale long who wants out. That is not uncommon, as many money managers who invested in gold shares have been fired. Their holdings are often inherited. The new money manger who has no interest in gold or goldshares usually waits for rallies like we just had to sell. GSR CEO Peter Bradford is doing a marvelous job in these very tough times (an understatement) for junior/exploration gold companies. "DENVER, May 24 /PRNewswire/ -- Golden Star Resources Ltd. is pleased to announce that it has reached an agreement with Prestea Gold Resources Limited that paves the way for the acquisition of the Prestea surface concession in Ghana." It looks like GSR will pick up five to 10 years' more of gold supply to feed its mill. This is very important as this mill in Ghana makes the company cash-flow positive at around $275 gold. That supports its maintenance its superb gold exploration finds in the Guyana Shield. All I can say is that you know the kind of analysis that Frank Veneroso does. Few are more thorough. Golden Star Resources is his No. 1 stock pick. It is a steal at these prices.