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Gold/Mining/Energy : Kazakhstan minerals KMC.U -TSE -- Ignore unavailable to you. Want to Upgrade?

To: Mr Metals who wrote (12)12/21/1997 10:35:00 PM
From: MUDMAN  Respond to of 112
 
Mr Metals:

I own some KMC/U at $7.50 and some more at $1.00. According to my calculations it currently trades at a +- $0.10 discount to its cash position. I think the problem here is three fold: 1) Republic of Kazahkstan has gotten a lot of bad press; 2) POG at $290; 3) absolutely horrendous promotion and reporting of company activities. Hopefully they will get their act together on #3 so the inherent value can return to the stock. I would think that a purchase at these levels is pretty good value. Then again I thought that was the case at $7.50 and $1.00. Good luck. Mudman



To: Mr Metals who wrote (12)2/9/1998 7:35:00 PM
From: virginijus poshkus  Read Replies (2) | Respond to of 112
 
Mr. Metals, i own some of this undervalued situation. i believe that patience is needed and will be aptly rewarded. i expect many good things going forward here. long term the stock should hit $3 or $4 . they seem to have good connections and if the price of gold moves toward the $325 direction $2 is not out of the question.

vargas


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