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Gold/Mining/Energy : Minefinders, MFL -- Ignore unavailable to you. Want to Upgrade?


To: Robert who wrote (97)5/13/1998 6:33:00 PM
From: marcos  Read Replies (1) | Respond to of 578
 
Just kidding, Robert, actually I've been quite loaded up on mfl since January, have bought only a few since, I figure it is a good buy-and-hold, and doesn't move enough lately to trade anyway, most of the time. When the news comes, the stock will likely sell off a bit from wherever it's at, that's just what happens nowadays, it seems. But day by day they are working us up a mine, and by the turn of the century it will be worth something, I think.

I have moved the market with small buys at the next ask, though, I think, in pfg just before Christmas for instance, then sold four times that much at the same price. A few hundred bucks here or there isn't going to make a difference anyway, if a person does turn out to be a little ahead of the herd. Still, one doesn't want to come off as Fool Of The Day - so I guess I was just kidding -g- ........ cheers



To: Robert who wrote (97)5/14/1998 12:46:00 PM
From: Claude Cormier  Read Replies (2) | Respond to of 578
 
<< I think the news will be very good, but I'm not buying any more right now >>

This is definitely more prudent.

But if we get anything that approaches 3M ounces of gold equivalent, the illiquidity of the market might move the stocks rapidly to the $3-$4 level. It will be to late for the bargains.

Keep in mind that all large Canadian brokers wrote reports last fall with 12-months target prices of $$6.50, $7 and $13.

Now these same analysts went to the property one month ago and are waiting for the new count before updating there report.

We could get some surprises.

CC