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Strategies & Market Trends : Natural Resource Stocks -- Ignore unavailable to you. Want to Upgrade?


To: isopatch who wrote (7117)2/2/2004 2:18:16 PM
From: schzammm  Read Replies (1) | Respond to of 109014
 
Iso, see post 7010 on SCO.

Here is an update on DY.to that I recommended previously. I really like this company for a long term gain. Also they already have an ongoing business and their JV with FNX in the Sudbury region where Falconbridge just went on strike will be cash positive at the very leastby the end of this year.

I find it very interesting that Mr. Lill, recently president and COO of BHP Billiton Base Metals joined Dynatec in Nov as EVP and COO. And today Dynatec announced the appointment of Philippe Monier to the position of Senior Vice President and Chief Financial Officer (CFO) who recently was the CFO of BHP Billiton Base Metals.

These guys are heavy hitters coming over from a world class mining company. DY's bank feasibility study on their JV with Phelps Dodge is due by the middle of the year. With these guys coming over I have to believe there will be mine and DY gets a 53% interest. This will all take time but at less than $1.50/share it could be a very profitable wait. JMHO!!!



To: isopatch who wrote (7117)2/2/2004 3:22:48 PM
From: ItsAllCyclical  Read Replies (1) | Respond to of 109014
 
Here's my read...

investorshub.com

Been rather busy this morning and didn't want to be the board pimp so I posted it on Zeev's short term trading thread.

Holding a bigger position now than at 1.92. TA wise it looks like it could base for a few more days to a week before challenging the 2.23 mark, but don't want to be out if it comes early. Today's action is encouraging so far.

Like you I'm 100% cash again in the PM portion of my portfolio. Was out when today's low was hit otherwise might have been tempted. G7 is so close now that I need to resist the urge to buy and wait till after the news. There are always laggards if the sector takes off, but I think the G7 is more likely to gold nuetral to negative in the short term.