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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: nspolar who wrote (15097)	7/3/2002 9:02:46 AM
From: Frank Pembleton	Respond to of 36161

nsp... agreed on the SA gold - the government has changed the rules - and companies that have mineral rights on properties that aren't being used (lasting hundred of years?) will lose them -- bad news for the whole sector? From what I can tell, a lot of juniors have dived into these unused properties - with the majors still having an option if a huge discovery is made. This is the reason for Anooraq's existance in the shadow of Angloplats. I was saying yesterday that 30% of the shares outstanding of Eldorado Gold are being held by Gold Fields ... yeah, I've got my eye on the underlying commodity - but PR will still drive these explorers. I'll take my chances, for now... and thanks for the warning. Regards, Frank P.