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 : Greenstone (GRERF) -- Ignore unavailable to you. Want to Upgrade?


To: Ron D.C. who wrote (20)4/18/1998 4:39:00 PM
From: tony lam  Respond to of 138
 
RON,

YOUR NOT ACTUALLY EARLY IN ENTERING THE GOLDS. i PERSONALLY OWN GREENSTONE WITHIN MY RRSP, BUT I'VE BEEN HOLDING IT FOR ABOUT A YEAR AND A BIT. I BELIEVE IF YOU ARE PLAYING IT FOR A SHORT TERM 25% PLUS THEN YOU PROBABLY ENTERED IT TOO LATE. IT WOULD OF BEEN BETTER TO HAVE BOUGHT IT ABOUT THREE MONTHS AGO WHEN EVERYONE WAS SELLING IT AND ALL GOLDS. REMEMBER THIS PIECE OF ADVICE, BUY GOOD COMPANIES WHEN EVERYONE ELSE IS SELLING THEM FOR NO APPARENT REASON, THEY ARE JUST VERY EMOTIONAL AND HOLD ON TO THEM UNTIL WHEN EVERYONE IS ON THE BAND WAGON AGAIN, YOU'LL MAKE A KILLING.

GET YOUR BROKER TO SEND YOU SOME INFORMATION ON THE COMPANY, PARTICULARLY HOW MUCH CASH IS ON HAND, THEIR BURN RATE AND HOW MUCH GOLD THEY ARE PRODUCING PER YEAR AND AT WHAT COST PER OUNCE. MAKE YOUR BROKER ACTUALLY EARN A LIVING!

REGARDS,

TONI.



To: Ron D.C. who wrote (20)4/19/1998 1:08:00 PM
From: dwarrior  Read Replies (2) | Respond to of 138
 
Ron/ Yes I am still long Greenstone. It's a beauty of a situation, the reserves keep piling up and the company mines it for cheap thus maintaining good profitability even with gold hanging in the 300 dollar range.