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Gold/Mining/Energy : Morgain Minerals MGM "jv with BHP in Mexico" -- Ignore unavailable to you. Want to Upgrade?

To: skelly who wrote (460)	3/19/1998 9:00:00 PM
From: Gabriela Neri	Respond to of 472

Simon, What are your thoughts on the latest news releases from MGM. What are your thoughts in general on MGM. I think gold is getting ready for some kind of short covering rally and I am looking to buy some 310 calls. I think this will help the price action in MGM, but I frankly dont care. The fundamentals of this stock will play themselves out in due course and right the injustices heaped upon its stock price. Big time disconnect between reality vis a vis the fundamentals and the price action. This may end up in the history books as a classic case study of shareholder fatigue and capitulation. In fact, I believe CAPITULATION is exactly what is occurring with he stock activity in here. I maintain that this situation, although requiring patience, will be a highly rewarding investment opportunity at these levels. I am very impressed with the contacts that Ray has in Mexico, because I think to have put himself in a situaion where he was able to acquire the mineral claim rights to this latest property clearly demonstrates that he is very well positioned in Mexico. It seems to me that many other companies would have liked very much to have this deal, and yet Ray ends up with it. HMMMMM. His spanish must be quite good(he has admitted that he speaks very little) or else he must be really taking a liking to the hot mexican salsa. Or, a lo mejor, tiene muy buen contactos in ese pais . Mira, Ray, te felicito en hacer un muy buen negocio. Mucho suerte con el desarrollamiento del proyecto y estamos esperando los resultados exitosos.