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

To: Public Heel who wrote (32292)	11/14/2004 8:53:53 PM
From: The Vet	Respond to of 39344

I agree wholeheartedly. I will buy any sound investment where the MC is significantly lower than the NAV. Sometimes it takes a long time for the market to catch up but I have never had a loss when I bought on that basis, and sometimes I have multi-baggers. My best example of that was when I bought GRZ (it was GLDR then) when it was trading at a MC lower than cash in the bank a few years back. It is still hugely undervalued now IMO with the lowest MC/P&P reserve valuation of all significant gold in the ground deposits, but it is 6 times what I paid for it when the MC was less than cash in the bank and it is still going up! Even today the average market valuation for proven gold in the ground for all gold miners and explorers is over $150 an ounce and GRZ is still only $15. These sorts of imbalances can take a long time to work off, but with time the market does eventually sort itself out.

To: Public Heel who wrote (32292)	11/15/2004 6:08:27 AM
From: MoneyPenny	Read Replies (2) \| Respond to of 39344

Re: CEF In anticipation of the gold ETF and other reasons, the short position on CEF stood at 12 days at the last reporting. A new report should be out shortly. I seriously doubt any covering will occur until the action on the ETF is seen. The position was large enough to move CEF up on the WSJ list of shorted AMEX stocks. WHT had one of the largest increases in shares short BTW. online.wsj.com (I believe you must be a paying subscriber to access this information on WSJ), Money Penny