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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: 4figureau who wrote (7068)	1/26/2003 11:39:26 AM
From: jrhana	Respond to of 39344

Re: SWG, catching falling knives and breaking the rules. Braving BRE-X. I just added to my SWG on a down day Friday. Usually I actually like to slowly add to winning positions a la CKG. But I took a high risk gamble Friday. We shall see. My logic. I do not believe that SWG is the same as BRE-X. I believe they are reputable businessmen and are not in the business of salting mines. I do not know if they really have a huge gold find there in China or not. I do believe they at least have some gold in Boka. How much and how economical is anybody's guess at this juncture. Everybody is nervously awaiting the first drill results. Nervous Nellies are selling and shorts are attacking. However, I am betting it will pan out. Another difference from BRE-X is that his company has other significant business ventures that I believe also have a good chance for success. So in a worst case scenario with the Boka mine worth say nearly nothing, the rest of the company should still be worth 2-3 USD. If Boka does prove up a huge resource, sky's the limit. Message 18478098 All the above JMVHO.