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Gold/Mining/Energy : MIRAMAR MINING (MNG) -- Ignore unavailable to you. Want to Upgrade?


To: PaulM who wrote (159)11/20/1997 3:25:00 PM
From: Bucky KattRead Replies (1) | Respond to of 457
 
PBM-- I had some trades go thru on the buy @1 15/16, some @1 31/32.
Maybe a writedown is coming, or this is just tax selling. I really don't understand the market anymore, but I will always look at buying some idiot's panic sell loss, especially when he sells at less than cash on hand. I guess that means we get all the mines, eqipment, work in progress, the NNO stock, etc., for free. Oh, and the $448 gold hedges! For free also. Future value, big time.
This is when Sir John Templeton taught me to buy-- On maximum pessimism, blood in the streets. If we are not there yet, I think we are close enough to start buying.