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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less..... -- Ignore unavailable to you. Want to Upgrade?


To: TATRADER who wrote (27821)2/12/2002 10:39:41 AM
From: Rashid Garuba  Read Replies (1) | Respond to of 59879
 
Gold stocks really mirroring the markets.. TVX strangely strong..

This probably a factor....

TVX Gold Inc. - Stratoni Permit Decision By February 15, 2002

February 07, 2002 08:13:00 (ET)

TORONTO, Feb 7, 2002 (BUSINESS WIRE) -- TVX Gold Inc. ("TVX") announces that the decision of the Greek Government to issue the permit to allow for the continuation of mining at its Stratoni operation (Marves Petres mine) has been delayed one week in order that a information meeting may be held with interested local parties. A committee of six independent professors from the National Technical University of Athens, appointed to review the proposed mining method, has submitted its findings to the Greek Government confirming that the method is both safe and appropriate considering the nature of the orebody.

Sean Harvey, President and Chief Executive Officer of TVX, stated "We met with the Deputy Minister of Development yesterday and, while we are disappointed that our permit will not be available this Friday, the meeting with the Minister was both worthwhile and fruitful. TVX fully concurs with the Government's position that, before a final decision is made, further discussions should take place to inform interested parties of the safety of the proposed mining method. We would much prefer to have a permit that is fully supported by all stakeholders and we are confident that the Government will meet its commitment to provide a decision by February 15, 2002."

Won't weep is if corrects.. Looking to do some shorting soon.. but me thinks markets still try to head up some more.