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Gold/Mining/Energy : Medinah Mining Inc. (MDHM) -- Ignore unavailable to you. Want to Upgrade?


To: EtTuBrute who wrote (1299)2/27/1998 1:59:00 PM
From: KMT  Read Replies (1) | Respond to of 25548
 
Gary:

My post was certainly tongue-in-cheek. Not only did I say I flipped at $.75 and back in at $.45 but I said I shorted it at $.75 and covered at $.45.

I agree with you. I'm holding for multiples of where we are now.

BTW, I'm not concerned about the flippers. Let them flip. They're not controlling this stock, we are. I know where the large majority of the float is and it's not in the hands of flippers. Just rely on your DD. There will be a fair share of people here who haven't done one tenth the DD that you or I have that will say all sorts of things. Don't let them get to you. Rely on what you know based on your own research (not mine, not anyone else's).

I can tell you this, the information is available for anyone to find out what's what if they're willing to do a little more leg work than your average Joe and not treat it as a momentum flip.

Cheers,

KMT



To: EtTuBrute who wrote (1299)2/27/1998 10:05:00 PM
From: EtTuBrute  Read Replies (1) | Respond to of 25548
 
Interesting gold reading:

te: Fri Feb 27 1998 12:03
D.A. (the.times.they.are.a.changing) ID#7568:
All:

Some very important news with respect to gold has just come down the pipe. Apparently
the Bank of Belgium has just failed to renew a lease of around 3.1 million ounces of gold.
This is what has caused the pressure on the lease rates and the subsequent rally in prices.

The likely reasons for the end of leasing are one of two. Either they have already sold the
metal and it has been absorbed by the market or they have been given the word by the
Bundesbank that the gold game is changing. Each of these conditions is positive for the
metal going forward.

Rumor in the market had been that the first quarter of 1998 was going to see some final
sales before the EMU gold window came down. Perhaps we have just seen the window
snapping shut. If this is the case, then the entire short thesis, namely unlimited central bank
supply will be called into question.