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To: CLK who wrote (1780)4/6/1998 12:15:00 AM
From: the truth  Respond to of 3335
 
Hello CLK!!

Staying for the long is okay. But anything can happen. Look at Voisey's Bay. Inco is in a precarious position with this project.
I am sure that Robert Friedland is happy to be out of that mess.

We have to look at this in the long and short term. Assuming that field will take 3-5 years to develop, there will be time within that frame to, pending further milestones, to increase one's position and keep cash at hand.

The real question is how will the market respond to whatever deal is in the works. I think whatever deal takes place, it will validate all the doubts that the general investing community and retail investors, including me, have about this company and its prospects.
Also, one does have to take into account how liquid the general market will become after the impending correction. The market rose too fast too soon and earnings will only disappoint the latecomers. Eventually, there will be huge profit taking by the early comers. And what a profit it will be.

TRUTH