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Gold/Mining/Energy : Black Swan -- Ignore unavailable to you. Want to Upgrade?


To: William Whitehead Jr. who wrote (3038)5/13/1998 10:31:00 PM
From: mike timoranszky  Respond to of 3186
 
thats the million dollar question , who is buying ? and why ?
the insiders sell sell sell , look at the info from vse ,
and yet this stock is one of the most sought after stocks amoung the pennies , reguardless of the size of the share pool , reguardless of the lack of info and the conflicting info coming from the company
there are always lots of buyers ?
no matter how the company is slammed on this thread , the kitco
site , the goldsheet site and on probably every other gold stock investment site , seems that everyone you talk to thinks this company is a dog , except for guys who seem to know somthing but when it comes to the crunch they just turn out to be full of hot air and wishfull thinking ,
cata preta sould be in production by now , read the press releases
from 95 on and then what about the diamond mine that gigglio reportedly had a cash flow of 5 million a year ?
what about the other properties ,100 million worth of properties bought and nothing nothing nothing in the way of exploration or anything else ,
what was the point ,
maybe its as simple as setting up a company with prospects so you and your directors can sell shares , the bigger the company the more shares you can sell , especially if you have promotors who promote
the buying of stocks when the stock is less than its cash value ,
the problem is that the company keeps spending its cash so the cash value goes down and so does the share value ,
anyway who is buying , ? where do they get their info from ?
why did those who invested 25 million into this company do it ?
for the tax write off ?

all there are are questions and no one to give any answers , just opinions

bsw has good prospects but as a shareholder its hard to be happy
since the management has yet to demonstrate a will for share holders
to prosper