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 : Pacific Rim Mining V.PFG -- Ignore unavailable to you. Want to Upgrade?

To: DeplorableIrredeemableRedneck who wrote (9569)	4/27/1998 1:20:00 PM
From: Quinn	Read Replies (1) \| Respond to of 14627

Of interest: Cdn Resources & PennyMines Analyst likes new operating plan Barrick Gold Corp ABX Shares issued 373,029,871 Apr 24 close $33.00 Mon 27 Apr 98 In the News The April issue of Canadian Resources & PennyMines Analyst says buy. Barrick has taken a net charge of $385-million for the shutdown of five of its ten mines. There is a new operating plan to substantially increase cash flow and maintain the position of lowest cost major gold producer. The Analyst notes that under the new plan, total output should rise to 3.5 million ounces in 1999. Barrick has approved a development plan for the Pierina mine, the expansion of Meikle production to 650,000 ounces in 1998, and a major roaster project on the Goldstrike property. Barrick's goal is to become the leading gold producer in the world through increased output, global exploration and acquisitions. Mine closures and the new development plan will lower costs per ounce from $190 (U.S.) to $150 (U.S.) and increase production. The Analyst says this should lead to improvements in profits and cash flows over the long term.

To: DeplorableIrredeemableRedneck who wrote (9569)	4/27/1998 2:23:00 PM
From: Harmattan	Read Replies (1) \| Respond to of 14627

Precursor to a major correction? I bet not. Just a steam valve blowing to allow the kettle to stay on the stove. The mania is just getting ready to start. To much liquidity around. This dip just builds over confidence in the dipsters. Correction this week to DJ 8400 - 8600 and then a summer/fall blowoff. October will be scary. What ever the case may be, volatility will reign supreme for the near future as major G7 meetings, May Euro meetings, Asian instability, U.S equity bullishness fighting against growing atmosphere of poor earnings reports and young mutual fund managers acting like penny stock day traders as they cover their buts all thrown into the pot will keep everyone guessing. Flip a coin and place your bets. PFG good buy at these prices but not as a hold. Sell at $2.00 in May. This U.S. stock bull is to monstrously great to not go out with an unbelievable snort into the air. We haven't seen that yet. ghunk