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

To: Fishfinder who wrote (4045)	5/30/2002 7:34:33 PM
From: ogi	Respond to of 39344

All I meant Scott was that I have no faith in the management of Gam. That has nothing to do with the merits of the property, like SJD I simply prefer to look elsewhere when I doubt the talent running the show. I met with Gammon 2 years ago when they were at $6.00. They clearly but quietly intimated to me that they were about to be bought out by Barrick for around $15.00 a share. This is before they had a resource proven and were early in the drill program.They knew less about the world of junior mining stocks than I did! They had no experience doing what they were doing and were either unbelievably naive thinking they were going to be taken out because ABX had done site visits or they were intentionally trying to fool people. I didn't need to find out which was the truth. After retreating to $.30 they have since achieved far more than I would have thought they could. Good for Them.! However, the point about management is it is the only factor that can make a good property a bad one!!Literally bad management can get in the way of success and when I see it I don't want to be a part of it even if they do find success. Hope that explains my earlier comment. Cheers, Ogi