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Gold/Mining/Energy : Goldbelt Resources (GDB.V) - anyone follow this ? -- Ignore unavailable to you. Want to Upgrade?


To: John Sladek who wrote (18)2/2/1998 11:04:00 PM
From: Fred Corsiglia  Read Replies (1) | Respond to of 44
 
John,

If I sold now, I would only lose 91% of my original investment. Looks like I'm in this one for the haul. Only possible saving grace would be $600+/oz gold!

I work for a major oil company with a billion dollar investment in Kazakhstan. I am relatively certain that the investment climate in Kazakhstan favors those who can invest large capital sums, but unfortunately GDB will never amount to more than a sand pile. My other Kazakhstan goldmining stock, EGX, has recovered some in recent days. Let's hope I can get back to even.

Fred