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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Stitch who wrote (2863)4/3/1998 11:26:00 AM
From: Worswick  Read Replies (1) | Respond to of 9980
 
Gold ideas. Yes. Ashanti. NYSE (a Gdr)ASL &
BGR (Toronto) BPT A

Since recommend by Vivian Lewis, in Global Investing Ashanti is down 42.09%: while BGR is a gold fund and selling at -33%.




To: Stitch who wrote (2863)4/3/1998 5:18:00 PM
From: Lazarus_Long  Read Replies (2) | Respond to of 9980
 
Check out DAY. They have more CASH/share than their share price. They say they have been mining lower grade ore, but now are moving into higher grade ore which should improve their earnings. They had a loss last year due to a one-time charge. In addition, they are holding puts for more gold that they will mine this year, so a decline in gold price won't hurt them.


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