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

To: mishedlo who wrote (25481)	1/14/2003 1:53:47 PM
From: cloud break	Respond to of 36161

Mish, <Why GLG over GG>. I like them both. I think they're both too pricey here. GG has the best property, but, what else do they have? They are already taking charges for the post closure costs at their second property, Wharf. Their exploration efforts are mostly focused at increasing the very rich Red Lake reserves. It will be interesting to see the new P&P reserve numbers next month. They do have a hefty war chest and have indicated that they are looking for acquisitions. GLG's merger with Francisco gives them, IMO, a diverse set of properties as well as one of the best exploration teams out there. One thing that strikes me as odd about the Central Bank of Goldcorp is their policy of withholding gold from the market and actually purchasing gold. I mean, holding more gold than 39 out of 112 countries that have gold. Talk about being bullish. biz.yahoo.com <what do you think about RGLD?> Ha Ha, the one that got away. I actually had it, let it go for a small gain around 6 bucks. <ng> I haven't been following the fundies but it does seem expensive, IMO. This is all FWIW, as i'm the new kid on the block here. regards, danny