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Non-Tech : The Woodshed -- Ignore unavailable to you. Want to Upgrade?


To: baystock who wrote (17210)11/27/2004 3:38:21 PM
From: nspolar  Read Replies (1) | Respond to of 60899
 
Thanks. Quite some interesting comments. After reading your comments I may also favor the merger. I was neutral to slightly opposed until now.

What about Nevsun? Do you have any investment dollars in that company? It also had a powerful first move, and like most of the other African related concerns has taken a pounding of recent.

If one is longterm gold and even basemetals bull, one can not neglect companies involved in Africa. There are going to be some tremendous success stories.



To: baystock who wrote (17210)11/27/2004 4:47:31 PM
From: baystock  Read Replies (1) | Respond to of 60899
 
One other thing that may fuel the SA gold stocks in the next upleg is related to Jim Sinclair's comments from yesterday:
>>Hold gold -- your investment and insurance -- close to your chest, and do not listen to the pea-brains that have taken the place of the Prechterites within the gold community, possibly costing you the opportunity of a lifetime as they look for tops.

Gold shares will soon out-perform gold itself, as new and more knowledgeable international investors enter the smallest capitalized investment market on the planet, gold shares.<<

International and especially European investors are very familiar with the SA gold names which have been around for decades including the last real gold bull market of the '70's. If what has largely been up to now a gold bull market for only North American investors expands in the next leg to include international investors, they may be more inclined to head towards the old familiar SA names over the unfamiliar mid-tier (though very much up and coming) golden star/iamgold/eldorado/nevsun/high river gold/novagold/bema gold's of the world, at least initially.