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Gold/Mining/Energy : Peruvian Gold Ltd. PVO -- Ignore unavailable to you. Want to Upgrade?

To: E. T. who wrote (424)1/11/1998 12:24:00 AM
From: c.r. earle  Read Replies (1) | Respond to of 892
 
<<The company is languishing because of the price of gold and because management doesn't know what it is doing.>>

While I would concede that the price of gold is not helping the sector, and that there probably would be some minor(emphasis on minor)increase in the price of the stock if gold was significantly higher, I do not agree that it is a major influence on the share price.

The main reason that this company is trading around its cash value is that presently that is all they have, and some prospective projects that have so far been insignificant.

Look at it this way, if PVO found and verified a 3 million oz au deposit, regardless of where the price of gold was (relatively, let us assume at current price) this stock would be trading considerably higher.

Regards



To: E. T. who wrote (424)1/13/1998 6:39:00 PM
From: charred  Respond to of 892
 
This is a great time to acquire good projects. However I feel you are right, the management is protecting themselves and not looking after shareholders best interest. With 12,000,000, you can do a lot.


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