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Gold/Mining/Energy : Southwestern Gold -- Ignore unavailable to you. Want to Upgrade?


To: Claude Cormier who wrote (375)12/27/2002 8:37:53 PM
From: TrueScouse  Respond to of 585
 
Claude:

I agree with you about the trend of palladium prices and that in the short term ARQ may well decline. But the contrarian in me says that a good time to be buying something is when nobody else likes it, and I think that ARQ has such outstanding exploration potential that the downside is limited, especially with Friedman's possible giant PGM deposit right next door.

Either way, as you know I have a lot of patience and I also like to diversify. Interestingly, SWG has played that diversification role for me many times over the last few years. There were times when it was the only stock I held that didn't go down! Unfortunately, it seldom went up either. --vbg--

But now it's paid off very well and if they get some good drill results, I think it still has considerable upside potential with such a small float. Once again, thanks for your advice at a time when I was thinking of selling SWG. I'd be kicking myself now if I hadn't listened to you.

Regards,
Howy



To: Claude Cormier who wrote (375)1/7/2003 6:31:23 PM
From: TrueScouse  Read Replies (1) | Respond to of 585
 
CC:

SWG Press Release after the close....

www2.cdn-news.com

Regards,
Howy



To: Claude Cormier who wrote (375)1/9/2003 2:53:54 PM
From: newfoundland1  Read Replies (1) | Respond to of 585
 
I let just over 20% go at $13 and feel this was sensible but I do wonder whether there is too much "pressure" to divest oneself of real winners. The best thing I have done so far was hold onto all my considerable holding in FGX when subsequent to the announcement with Glamis many were suggesting time to sell up and move on.If I remember correctly the price was then approx $12. With Glamis at US$11.50 and with CKG at nil cost this would have been very expensive.

Once you do make the decision that we are in a Gold bull market then despite the setbacks does not history show that the most difficult thing to do is ride the bull for most of the way? Prior to precious metals I was fortunately successful in Biotech shares. In March 2000 - after absurd final rises - you had to be out, but those that gave up too early with some of the best performing shares lost out big time.

Rather a lot to hang on SWG I know but does make me think.

Wyatt