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Gold/Mining/Energy : Pegasus Gold (PGU) hits 52 week low -- Ignore unavailable to you. Want to Upgrade?


To: Michael Bidder who wrote (61)12/6/1997 12:32:00 PM
From: Harlan Huber  Read Replies (2) | Respond to of 199
 
All: I have been following this thread and I guess the basic question is whether or not this company is essentially bankrupt getting ready to file bankruptcy, or whether there is still a slender thread of hope?

There has not been a significant rally in most of these mining stocks, including PGU, since the big drop starting in October. I would assume that the MMs are loaded with huge inventories and will rally these stocks and the POG of course after tax loss selling (huge) is out of the way to profit from their large inventories. Any opinions?

Are there other stocks besides PGU, RYO, BMG, ECO, HL, and HM under $10 that could be considered for purchase?