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


To: russwinter who wrote (30905)9/21/2004 11:49:15 AM
From: Bat Man  Respond to of 39344
 
Hi Russ,

Sold only about 60% of my holding, made good bucks mind you, but can see no reason for this BS. If somebody don't start taking the small guys out interest is going to die. A lot of brain dead management in both the large and small Co's.

Elmer



To: russwinter who wrote (30905)9/21/2004 11:55:36 AM
From: TheBusDriver  Respond to of 39344
 
Russ, maybe the more advanced jrs. are holding out for $500 gold or better? Just a thought.

Wayne



To: russwinter who wrote (30905)9/21/2004 12:03:30 PM
From: tyc:>  Respond to of 39344
 
>>"There hasn't been a junior takeover all year"

NGX bought the Sustut deposit from DSR-v, on favourable terms to DSR (but look at the price of DSR...lol).

Incidentally details of the draft feasibility of the Sustut are provided in the Annual Information Form of DSR (Doublestar) dated May 13th on Sedar. It includes ....

Capital Cost C$32M.... ".. at a price of copper of $1.00 per lb the IRR was 21.9%"..

With the price of copper today at $1.30, surely one can be confident of production in short order ?



To: russwinter who wrote (30905)9/21/2004 12:33:37 PM
From: Claude Cormier  Read Replies (3) | Respond to of 39344
 
Russ,

This correction is building frustration on all of us.

I am sure your comments would not have been the same earlier this spring.

As for takeovers not taking place... well are there any compelling case?? They are hard to find. The current $400 gold environment is not that favorable with the current cost structure.

Things will get back to normal once gold get back on its bull trend.