SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Pacific Rim Mining V.PFG -- Ignore unavailable to you. Want to Upgrade?


To: stockman who wrote (9156)3/18/1998 12:15:00 PM
From: James Grahame  Read Replies (1) | Respond to of 14627
 
It's tough going against the flow. The majority of small investors buy high, when the buzz is on, and sell low, when things don't seem so exciting. That's why they don't make money.

In this case, I think that PFG has a good property. Barrick will not hold on until 2000 if they are not planning to put the site into production.

Ultimately, this is a game of buying something you believe in and holding on until it pays off. Selling now without having full results back from Barrick doesn't make any sense to me, so I'm still long on PFG.



To: stockman who wrote (9156)3/18/1998 2:12:00 PM
From: Enigma  Respond to of 14627
 
Highly unlikely the warrant holders will sell into the market. If they sell surely they would want a higher price - in any event they would arrange for a block sale to get the best deal for themselves. That is if they are sane.

PFG may well react to the silver price, along the way. Not today, however, but there has been a lot to digest. Time for slow accumulation?