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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (18106)	12/3/2003 1:21:25 PM
From: MCsweet	Respond to of 78644

WNMLA, I had been tracking this awhile back. It was very unimpressive at that time despite selling below cash. Once gold started perking up, I should have bought some knowing that WNMLA runs a gold fund that would be picking up steam. Even with the run-up, it still seems interesting given the new business conditions. MC

To: Paul Senior who wrote (18106)	12/3/2003 10:33:54 PM
From: Madharry	Respond to of 78644

wow thats some micr0-cap market value of $6.5MM. Interesting that the gold fund has about $55MM of assets and $200MM of loss carryforwards! The fund business seems like a good one to be in -whether the investor wins or loses the management fee is always there as long as the fund can be appropriately marketed. however insiders own 44% or so of the company and i find it difficult to believe that when all is said and done- any excess funds will land in the outside shareholder pockets.