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


To: Kaena™ who wrote (1923)8/26/2001 3:48:41 AM
From: que seria  Respond to of 4051
 
Re: VNVNF--I'd just go to Vegas with what I didn't spend on
some gold miner that you know has the deposit. Bet on the POG and the Venezuelan legal system? Too risky for me, but then I've been singed in such plays.



To: Kaena™ who wrote (1923)8/26/2001 10:46:09 AM
From: russwinter  Read Replies (2) | Respond to of 4051
 
<Any thoughts on the following: Vannessa Ventures?>

No particular thoughts on the stock, but the reference to Mannix is of note:

"Can Ron Mannix bring his legendary golden touch to a Venezuelan mine? Ron Mannix is back. The Calgary tycoon, who brought his family’s long and prosperous involvement in mining to an abrupt end in 1997 when he sold Manalta Coal Ltd., is once again in the earth-sifting business. But this time he’s after something more lustrous than dirty old coal. A Mannix holding company owns 30% of Vannessa Ventures Ltd. (CDNX: VVV), the Vancouver-based junior mining firm that surprised investors in mid-July when it acquired the rights to develop the rich Las Cristinas gold property in Venezuela."

It's obvious to me that some smart, very deep pocketed people are positioning themselves, and they are using ultra cheap juniors to do so. Wheaton River is another one. Here we have Pierre Lassonde (FN), Eugene McBurney, and Frank Guistra involved. This link to a recent Canaccord report profiles the situation. The report also profiles a few more familiar names to threadsters: CBD, FGX, MR, RDU.

corriente.com