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

To: jrhana who wrote (26846)	1/12/2004 8:13:38 AM
From: Eva	Respond to of 39344

Excerpt from Jay Taylor, must read for the in and out jumpers: My point is that many if not most of the gold share buyers to date have been fickle types who are looking to trade in and out of these tiny stocks with little care or understanding this gold bull market is in the bottom half of the first inning of a nine-inning baseball game. Not understanding that these markets have been manipulated beyond recognition, they are unaware of just how rewarding staying long, rather than trading in and out of these penny gold and silver stocks, will be-not only in 2004 but perhaps for the next 5 to 10 years. And so, when the tech stocks come back, away they go out of gold and back into the techs. This too will pass, but for now this is all good news for those who recognize how special and powerful this gold bull market is, because it is providing them with great buying opportunities right now. gold-eagle.com

To: jrhana who wrote (26846)	1/12/2004 12:06:23 PM
From: VAUGHN	Read Replies (1) \| Respond to of 39344

Hello jrhana This was just passed along by a friend: Panoro begins drilling El Rosal and La Ramada Panoro Minerals Ltd PML Shares issued 18,299,856 Jan 9 close $0.215 Mon 12 Jan 2004 News Release Mr. Helmut Wober reports PANORO COMMENCES DRILLING ON PERUVIAN PROJECT Panoro Minerals has commenced drilling, as planned, at its El Rosal project in Peru. The drill program will test both the El Rosal project and the La Ramada target. Both are porphyry copper targets, with La Ramada featuring an additional gold component. Drilling has started with the first hole on the El Rosal system and will, for technical and logistical reasons, switch to targets on the La Ramada system, while results of the first hole are being evaluated and interpreted. The company has also carried out soil geochemical sampling on the copper/gold La Ramada target to further refine the targeting of the later drill holes. Management is highly encouraged by the results of the soil sampling survey which support the earlier geological interpretation and geophysical drill targets. Announcements regarding the results of the drilling program will be made, when meaningful and significant material statements can be issued. The company is also still in the process of formalizing its option agreement with Mindoro Minerals Ltd. on the Surigao properties in northeast Mindanao, the Republic of the Philippines, where recent discoveries of several porphyry copper/gold deposits by Philex Gold and Anglo American have created considerable interest and activity. The company has also exercised its option to extinguish its long-term debt in the total amount of $168,481 by the issuance of a total of 511,000 shares at a deemed price of 33 cents per share. The company continues to be in a strong financial position to carry out its programs of drilling and acquisitions with a working capital in the excess of $1.7-million. Regards Vaughn

To: jrhana who wrote (26846)	1/12/2004 12:35:00 PM
From: E. Charters	Respond to of 39344

That was mostly skim milk wasn't it? They kept the cream for themselves? EC<:-}

To: jrhana who wrote (26846)	1/12/2004 1:55:27 PM
From: Michael Bidder	Read Replies (3) \| Respond to of 39344

Looks like international Fraud on a grand scale!: RE: Parmalate The probes focus on Parmalat's Cayman Islands subsidiary, Bonlat, which was last week accused of providing documents falsely showing some 4bn euros in assets. Bank of America, which blew the whistle on the Bonlat document, has reportedly filed a lawsuit against the firm, alleging forgery. Analysts have long been concerned about the company's fondness for complex international financial arrangements, and its heavy use of off-balance-sheet transactions in derivatives such as swaps and options. news.bbc.co.uk