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Gold/Mining/Energy : Flag Resources (FGR.A A) -- Ignore unavailable to you. Want to Upgrade?

To: RJ2 who wrote (3768)	6/14/2002 1:12:19 AM
From: Berry Picker	Respond to of 4269

RJ - it is becoming less and less pertinent as to just what kind of man Murdo is. I like him - and he has always been very kind and straight with me - but he is out of time. True enough he would like to hit it lucky but all men in this business wish the same. He is getting too old and he himself says he will likely retire within a year. I wish I was in his shape when I hit his age but the focus of FLAG will change - management will change - but the chances of Murdo pulling a rabbit from the hat before he retires are less than the 649 at this point. Settle down and hope that a good team takes over the properties that Murdo has managed to control - he did very well in that aspect. As far as hitting it - he has failed.

To: RJ2 who wrote (3768)	6/14/2002 10:06:03 AM
From: hank2010	Respond to of 4269

RJ I am still a shareholder of Flag, but I do not brag about it because I am so far in the hole on it. I bought some when a friend told me that his buddy at Inco said they were interested in some of Flag's property. Averaged down when another acquaintance told me her friend at Falco said they were interested in a piece of the property. I have empathy for Sid who put in 6 million and I do not begrudge him as being the man with all the stroke. He has certainly paid for the privilege! I think Elect is bang on when he says Murdo has assembled a good property portfolio. I have very strongly (some might argue too strongly) voiced my opinion that Murdo is not handling the exploration properly. I have argued for a change in approach. At some point, and it appears that point has been reached,Sid will stop bankrolling his buddy. If Inco and Falco are still interested, in my opinion, it is to the benefit of Flag shareholders that a deal be made with the experts. Murdo has been steadfastly against this, whether from pride or whatever. Indeed, it is time for him to step aside now. As for Enron and all those hi tech outfits etc., luckily, I have never been involved with any of them. I have been heavily into gold related investments and speculations. Maybe the time has come. Good Luck to you also.