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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: Claude Cormier who wrote (1070)	1/6/2002 7:19:34 AM
From: que seria	Respond to of 39344

I agree with Claude, but then FGX is my largest holding, so he's talking my walk! It would make sense for MFL to do the deal Russ suggests, but it appears other cos. with deep pockets think they can get a better deal or less risk by waiting or looking elsewhere. I don't have MFL because I didn't want to pay up for a company using non-market assumptions about the POG. Or if I do that, why not get real value by buying a South African miner with huge uneconomic reserves that will fly if POG goes to $350? Waiting on GBU to retreat toward $2.50, GNG to .40, and coulda/shoulda bought NGT at .14. May have to pay up for that one later, but I expect debt liquidation and a flat CPI to help give me a chance at lower gold stock prices over the remainder of this year. Edit: Courtesy of Stockcharts.com, it looks like a lot of distribution has occurred and may still be going in each stock except NGT, which I guess has topped pending results: stockcharts.com\|B\|c20