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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: steve susko who wrote (341)	6/10/2002 5:02:09 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 89467

SouthAfrican news is a watershed negative signal to gold sector it is a very serious minor wet blanket but it is felt now, and will become more so a major league deterrant to the entire group of SA mining stocks I consider it to likely cut SA miners by 30-40% relative to their competition saying it is IRRELEVANT is like telling someone who has been given a DEATH SENTENCE that one week later, it is old news or telling some guy that henceforth, he will now be OBLIGATED TO SUPPORT A FAMILY OF SIX serious detrimental consequences to SoAfrican mining lost mgmt control, diversion of exploration funds, cut into profits, higher worker wages, poor opportunity for raising equity capital, eventually lower gold supply this SA story has IN NO WAY been fully thought thru, analyzed in April, I repeatedly warned against SoAfrican mining it just struck sooner than I expected as money comes out of SA miners, it will probably drag down the rest of the sector later when this profitaking session ends, I expect money from SA miners will find its way into safer more capitalist nations e.g. USA, Canada, Australia, NewZealand, Mexico we will have a premium for miners in safer nations just like a premium for miners who dont hedge (and potentially kill their golden gooses) my opinion is still in limbo for South American mining for all we know, big stock players might be wondering, pondering, reassessing the likelihood of additional foreign mine seizures I surely am, with Bolivian silver my main concern / jim

To: steve susko who wrote (341)	6/11/2002 10:09:29 AM
From: Jim Willie CB	Respond to of 89467

little Seabridge will be interesting to watch on technicals it has no margin capability it has no options it may not have many shares available to short so it is a pure stock without leverage in the spring its crest was C$1.00 it rose to C$3.50 last week that is a rise of C$2.50 pullback of 3/8 would take it to about C$2.50 to C$2.60 where it is now I noticed several minutes ago a huge gap in bid-ask C$2.45 by C$2.70 with really not huge volume suddenly it tightened up at C$2.55 with volume tripling in 5 minutes with gold's story and uptrend intact in my view, I favor 3/8 retracemt rather, I think it is the more likely (heck, I favor a steady rise to C$100/share) we will see, since it is all tied to gold price now #316 trying to find support I believe #313-316 will be support, which was old resist despite being prominently touted, I plan to add to SEA.V shares I was hoping for a pullback for June purchases just dont want it to get out of control / jim