Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks -- Ignore unavailable to you. Want to Upgrade?

To: David Culver who wrote (7808)	10/5/2004 11:45:15 PM
From: Seeker of Truth	Read Replies (2) \| Respond to of 11633

That reminds me very much of tech boom days. There was a company which owned TV Guide, I forget the name. An entity in Hong Kong owned more than a billion, that's right a billion US dollars of it. Now that person must be one smart and powerful guy right? Well the stock collapsed, fraud emerged etc etc. So here we have an experienced gold miner. He made hundreds of millions in the gold mining business. So he must be smart and knowledgeable about oil sands also. Well er, maybe. You'll notice he broadcasts his holdings and his expected profit. He may be out of the stock next week if he can sell his holdings to some mutual funds, who are stampeded into it. I consider COS a speculation because of all the technical difficulties ahead. I haven't seen anywhere a study which even appeared to prove that getting the deeper tar sands out of there won't be prohibitively expensive. Of course I'm long COS, but I'm not putting both feet and both arms into that water.