SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Chesapeake Gold (CKG.V) -- Ignore unavailable to you. Want to Upgrade?


To: Elizabeth Andrews who wrote (528)5/14/2003 10:33:00 PM
From: loantech  Read Replies (1) | Respond to of 7835
 
<Too many big sellers that want to buy Barrick and the Placer Domes of the world>
Liz I don't buy that yarn. People who want Barrick and Placer would not have wanted CKG in the 1st place and people who want junior explorers don't want the lumbering giants.
Tom



To: Elizabeth Andrews who wrote (528)5/14/2003 11:07:43 PM
From: re3  Read Replies (1) | Respond to of 7835
 
FGX traded under 4 $ ? well, how many shares went through THAT low...and, wasn't the POG a fair bit lower than now...gold seemed pretty hopeless in those days, and i think there were days FGX didn't trade at all



To: Elizabeth Andrews who wrote (528)5/15/2003 8:33:30 AM
From: Claude Cormier  Read Replies (2) | Respond to of 7835
 
<Remember that FGX traded under C$4 with over C$2 in cash with El Suzie drilled off and a discovery hole in the Marlin in Guatemala. >

This is not true.

The lowest FGX traded in the last 5 years is $C4.85. The Marlin discovery came in October 2000 and the stock was at $6 gold at $275. It then move down to $4.85 while gold was making a double bottom near $255. A very different environment than today.



To: Elizabeth Andrews who wrote (528)5/15/2003 8:49:06 AM
From: Claude Cormier  Read Replies (2) | Respond to of 7835
 
BTW ELiz,

You seem to be sure that the gold bull is on. I am not. There is no confirmation yet and we could well stay in a trading range all year.

That is why I have suggested staying with the explorers rather than the Barrick, Glamis and other producers of the world. Even the mature explorers with reserves might remain idle if gold does what I think it will. Until the bull is confirmed, there is only one way to go.

CKG is certainly my favorite for the reasons I gave you, but I could had several other names including Radius, Aquiline, Cardero, Ima, Canico, Tumi and others.