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


To: russwinter who wrote (8222)3/3/2003 9:07:48 PM
From: LLCF  Respond to of 39344
 
ROFLMAO!!

DAK



To: russwinter who wrote (8222)3/3/2003 9:12:34 PM
From: ms.smartest.person  Respond to of 39344
 
Oops ...

Makes sense to moi. IMO WHT look more like a commodity stock after recent acquisitions ... but I am not selling ... yet.

PPS not hit just on the warrants ... add in the subscription receipts to fund Alumbrera and Peak acquisition. Adding 230,000,000+ shrares to the O/S is not chicken feed.

... 230 million subscription receipts at C$1.45 each, for gross proceeds of C$333.5 million.

First PR on Jan 23 seeking funding at US$150million; final PR on Feb 28 gave funding @CA$333.5million*. Interesting first press release in US$, second in CA$.

*US$150,000,000/00 = CA$222,570,016.00 1/23/03
US$224,609,376.00 = CA$333,500,000.00 2/28/03

Did the US$ drop in value US$74.6 million in a month?

... and then Northern Orien might be down the line, if Bishop's speculation has legs. I just cringe when stocks multiply faster than rabbits.

BWDIK

Maybe Liz will add a comment ;-)



To: russwinter who wrote (8222)3/4/2003 12:41:46 PM
From: loantech  Read Replies (6) | Respond to of 39344
 
Hi Russ,
I am going to "redo" my portfolio somewhat to spread out my risk. I am buying WHT. Do you expect production on Great Basin's property in 2004 or 2005?
Do you like MNG, NGX , CBJ or any of the other low multiple producer/explorers like WHT? I sold my RIC and HL at good profits. Ric is having reserve problems and I don't like Venezuela right now and besides HL was a 4 bagger.

I have enough explorers at this time, CBD may be an exception to add. Are you looking to add or do you still own CBD?

You did a great job on WHT/WRM analysis and was wondering if you may have a similar idea on others mentioned above or any current explorers or producers with good assets in Canada or USA such as the ones I mentioned above.
Thanks for the help Russ.
Tom
PS:Thanks for keeping things going.

I DON'T KNOW IF OTHER LURKERS AND POSTERS HERE REALIZE THE SIGNIFICANCE OF RUSS'S PICKS THE LAST YEAR OR SO. HE MADE GREAT CALLS ON Eldorado, MFL, Nevsun, CBD, WTC (before CC), AND MANY OTHERS.

IN ADDITION CLAUDE CORMIER'S ORMETAL REPORT CANNOT BE BEAT.
www.ormetal.com

People can always compare notes with Russ and Claude on the old two heads are better than one.

Each Claude with Ormetal and Russ have been invaluable to the growth of my portfolio.
Tom