Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Chispas who wrote (83351)	6/21/2002 10:35:38 PM
From: vampire	Read Replies (2) \| Respond to of 99280

Sorry but I dont get it - what's so amazing?

To: Chispas who wrote (83351)	6/21/2002 10:48:01 PM
From: mishedlo	Read Replies (3) \| Respond to of 99280

financialsense.com

To: Chispas who wrote (83351)	6/22/2002 6:32:42 AM
From: SirRealist	Respond to of 99280

Jay Taylor Recommends the Following Stock: GFI WEDNESDAY, JUNE 19, 2002 6:00 AM - PRNewswire CHICAGO, Jun 19, 2002 /PRNewswire via COMTEX/ -- The gold rally continues to move higher and Jay Taylor's Gold and Technology stock model portfolio is up +56.9% YTD while the S&P 500 continues to fall. Read an excerpt from Jay's article regarding the Fed's monetary policy and which stock he is currently recommending. featuredexpert2.zacks.com . Here are the highlights from the Featured Expert column: GOLD FIELDS LIMITED (GFI) produced 3.66 million ounces during its fiscal year during fiscal 6/30/01. With a cash cost of US$195 per ounce, GFI was able to generate an operating profit of US$103 million for the year. However, after writing off $233 million related mostly to a reduction in the carrying value a former property, the company reported a net loss of $208 million. Based on a $270 gold price, the company's reserves at its last fiscal yearend were 144 million ounces of which 37 million ounces were below existing mine workings leaving the company with a total of 104 million ounces located above existing infrastructure. With the exception of 6.8 million ounces on the company's Tarkwa project in Ghana, most all gold reserves are in South Africa, which does quite frankly concern us. Given political uprising in surrounding countries as well as unreported anarchy in South Africa itself, I am very concerned about the longer-term prospects for Goldfields. No doubt the company's board of directors shares that concern so that the mandate given to CEO Chris Thompson has been to internationalize the company. Toward that end, management announced on September 21st that it had successfully bid for the St. Ives and Agnew gold operations in Western Australia for $180 million in cash plus new Gold Fields shares valued at US$52 million. Together the operations will add about 600,000 ounces of gold to the company annual production and about 4 million ounces of reserves. Assuming we are right in our assumption that we are in the early stages of a gold bull market, I would not be surprised to see Goldfields begin to become active outside of South African, including North America in more acquisitions in the future. That should mean some very exciting and profitable times our "B", "C" and "D" quality stocks that are listed on the back page of our monthly newsletter. Improving Profitability With the price of gold on the rise and with the company cutting cash costs to $160 per ounce, GFI boosted profits during the quarter ending 3/31/02 to US$67 million. Operating profits rose to US$149 million. The company produced 1,081,000 ounces of gold during the quarter. Anyway you cut it, GFI is a premier gold producer that is worthy of inclusion as an "A" quality gold stock included in our Model Portfolio. To find out more about Taylor's portfolio and his "on fire" gold shares, click: featuredexpert3.zacks.com .