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Strategies & Market Trends : Winter in the Great White North -- Ignore unavailable to you. Want to Upgrade?

To: ralfph who wrote (2689)	8/3/2002 1:40:49 PM
From: marcos	Read Replies (1) \| Respond to of 8273

Those two sure show the effects of differences in financing dynamics lately, eh, ngt and xcl ... National has lots of new paper out, much of which has yet to find strong hands to hold it, so the thing tanks harder and deeper on retracements, while it can't get to equal height on the rises, but at the same time it has cash in the kitty with which it can advance the project[s] ..... opposite is the case with X-Cal, all the paper has been around for a while, great majority held by oldtime hardcore supporters, the big financing is yet to come, it would seem possible to fantasise about it going off at .75 or better, who knows .... this still means however that SK has today a dry treasury ... he's been holding out, i know he's been offered placement money, he didn't like the prices mentioned .... bit of a gamble, this - should gold break 330 in the nearish term, xcl could outpace ngt somewhat in percentage terms from current shareprice levels .... but if not, it's back to sleep for the X-machine for a while They're so alike in a number of important ways - Salamandra and Sleeper both highly prospective district-size properties in areas of cheap mining and quite low political risk .... ngt/aas combined have roughly the market cap of xcl, depending on what day you catch the quotes ..... you know what might make a quality serious company in a hurry? - the three merge into one powerhouse and Bay street lines up to throw bags of money at them .... i never thought about that before just now, this is not a refined concept, lol ..... and of course the big problem right off is you'd be up against three massive egos, woo look out ..... but think about it - the two best properties on the continent, Chester Millar head of mining, Albert Matter head of catching the money-bags, Shawn Kennedy head of exploration ..... ?? cpt.v - i actually bought a whole 2k at .22 thursday before last .... not holding my breath on getting them off at a profit in the nearterm though, lol .... i just don't see any hope there before spring, stopped checking quotes on it, don't think about it much .... hopefully they're building up the two branches, and low shareprice shouldn't hurt much permanently, if they can muddle through without new capital ..... the action to january will be in resources, specifically and especially in the golds, imho dy.to - stockcharts.com - i bought some Dynatec week before last too ... figured that it had completed its head and shoulders pattern of the springtime, back to decent support, i like the company quite a lot and intended to get back in sometime, just a matter of when .... they've got thirty cents a share in cash or thereabouts, a p/e ratio that's not bad now and should improve when they get rolling on McCreedy ... also other work building up, shouldn't be too long before they've replaced the revenue lost when Newmont took over Ken Snyder in the Franco deal .... i got some of these originally when they were spun off Sherritt, followed it at least a little all the way through ... they're more than just contract miners, they take equity positions in projects as well, that's always been the policy, to do things like the 25% partners deal with fnx at Sudbury - dynatec.ca