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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?


To: AlphaRomero who wrote (59862)6/5/2008 7:26:27 PM
From: ogi  Read Replies (1) | Respond to of 78426
 
Can't comment on MMG or PCM. Pez. is another matter and a regret
for me. I sold some betwen $2 and $1.80 but I am down substantially on the rest of my PEZ and it would be foolish to sell at these levels. I never liked the way management (Gary F. really) traded the stock as though they needed to earn an income from the moves in the stock not from the business plan and its goals. Furthermore, another stock run by an " Entrepreneur" another black mark that I ignored in order to pursue Pez. I do admit that Halvorson and Millar have notable track records.

They clearly have a very good project in the Baja, although I do not think it has the size to attract a major, not yet anyway. Maybe 2 mil ozs and they will need much more than that. Maybe an intermediate would be attracted but no majors. The La Colorada should become Pez's vehicle for regaining some recognition and share price. Can't see any reason for Pez to decline further and hope they get going and give us some positive
news on Baja and La Colorada soon.

Cheers,
Ogi