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Gold/Mining/Energy : William Resources - WIM-TSE -- Ignore unavailable to you. Want to Upgrade?

To: Lalit Jain who wrote (949)	2/22/1998 7:27:00 AM
From: David Luton	Read Replies (1) \| Respond to of 1326

'You takes the goods with the bads and don't sweats the small stuff' was some good advice a friend of mine from the rock once gave me. Unlike most people on this thread I had the fortune to buy in December and sell in January (for a reasonable profit) as part of a general switch from gold to silver. The only exception was a nice conservative Quebec company Richmont (RIC) that is making money at these prices. We have to face the fact that gold prices (and even silver with Mr. Buffets help) are not going to levels we all want as fast as we hoped. Thus we have to hunker down for a while until the central bankers learn a basic rule of economics that is if you dump something on a market you will lower the price. In this case we are not dealing with speculation in the Borneo jungle. We have a company with producing properties including the one in Brazil that even Brad admits was disappointing in 1997. The market believes that WIM is overextended, thus the value on the stock. The key is can they turnaround the company in time for a nice rebound in the price. I have silver stocks with weak balance sheets as well (Avino (ASM-V) but the price fundamentals are much different and they will recover quickly at today's silver prices or even lower. (Avino is an interesting silver gold hedge). My logic with William is if anyone can turn it around it is a company with a mining consulting division. The question is can they do it in time. I would appreciate yours and the more knowledgeable observations of other intelligent human beings on this thread. My question is should I reinvest? Regards Dave.