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Gold/Mining/Energy : Corner Bay Silver (BAY.T) -- Ignore unavailable to you. Want to Upgrade?


To: loantech who wrote (2043)11/30/2001 2:28:46 PM
From: Canuck Dave  Read Replies (1) | Respond to of 4409
 
God, I've been buying too. Is it just us?

You think Claude is selling to us? In cyber-space, one can never tell.....

CD



To: loantech who wrote (2043)12/1/2001 1:41:47 PM
From: Claude Cormier  Read Replies (1) | Respond to of 4409
 
<Does corner bay only have the one property?>

Yes. They have decided not too put money on other deals and to concentrate on Alamo Dorado since such economics are not easy to find these days.

That's great for shareholders as this strategy limits dillution. On the other hand, if something goes wrong with this one property, there is nothing to hold the stock price up.

As an example, compare BAY to Silver Standard. SSRI is a gret call on silver with all these properties they are acquiring and exploring. However, none of them are economic below $6. And they keep diluting the stock heavily. Let say silver stays near $5 for many years, SSRI shareholders will be very sorry, but BAY shareholders will get major profits, enough to buy SRRI or PAAS if they want to.