Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : Golden Eagle Int. (MYNG) -- Ignore unavailable to you. Want to Upgrade?

To: Claude Cormier who wrote (1451)	3/26/1998 11:16:00 AM
From: Richard Mazzarella	Respond to of 34075

Claude, thank you for your contributions, it helps keep things in perspective.

To: Claude Cormier who wrote (1451)	3/26/1998 11:33:00 AM
From: Mike McFarland	Read Replies (2) \| Respond to of 34075

<And it is unreasonable (for now) to talk about hundred millions ounces, stock prices of $1, $5 or more, and proven reserves of 5M-10 ounces in the near future.> I liked most of your post, lots of good PMA as they say, but the last bit, not too good: The chance for 5M proven is EXACTLY why you buy a little penny like this. Bang! Your rich. Very good reward for the risk. Golden Eagle International is going to put Bolivia back in the news. I even heard Bolivia mentioned on CNBC or CNNFN, don't recall which, when they mentioned Soro's stake in some Bolivian silver. It would be great if they spin up over the next year and put some people to work, so at the very worst Golden Eagle becomes just another marginally profitable little mining company, with a share price of a nickle, dime or quarter--so maybe there is not much downside risk--but like I said, that is not why you buy MINE, you buy it for the chance of a big pay off. Countries like Bolivia, Nigeria, Pakistan-- these are the wild wild west. To think I can sit in the comfort of my suburban Seattle house, sippin coffee and watching the birds outside my window, while vicariously getting a tad of the excitement of a potentially newsmaking gold strike in Bolivia of all places...well, pretty cool. I did take 50k of shares off the table the other day, always good to lock in a 100% gain, but I intend to hold the other 100k til the announcement. I figure it will either start up toward a buck, or settle back to the old lows. Either way I'm in the money...and all it took was a couple hours online and a dozen cups of coffee. Excellent man!