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

To: E. Charters who wrote (26065)	12/30/2003 8:44:25 AM
From: TheSlowLane	Read Replies (1) \| Respond to of 39344

Actually what Puplava said is that investors should exercise extreme caution when buying juniors. It seems to me that most of the people that post on these boards are fairly careful about what they buy.

To: E. Charters who wrote (26065)	12/30/2003 11:58:26 AM
From: Andrew	Respond to of 39344

Goldcorp was marching rather nicely IMO, take a look at the market cap. Eric a look at a 3 year chart for goodness sake. The exercise and sale of 5.5 million shares by the CEO was seen as a negative and knocked down the price short term IMO. Also dont forget the leverage on Goldcorp is lower since its production costs at Redlake are $70 an ounce. What mystifies me is why they have sold their gold holding and are paying a special dividend. An acquisition would make more sense. I would think Agnico would be a good fit for their growth and Goldcorp could swallow it easy right now with its expensive shareprice relative to Agnico's depressed shareprice. Considering the low ownership of shares by the Agnico board and the frustration of institutional holders of Agnico stock I think it could go cheap relative to what I believe is its intrinsic value.