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Gold/Mining/Energy : GITENNES Exploration (ase:GIT) -- Ignore unavailable to you. Want to Upgrade?

To: Grant Stewart who wrote (957)6/8/1998 2:01:00 PM
From: Pete Mimmack  Respond to of 1092
 
Grant - I think it still looks good. Bought some two weeks ago at 2.60, so have been very unhappy recently. Read the annual report carefully this weekend and decided this was a very good buying opp. May take a while for gold to rebound and/or GIT to prove reserves, but I'm confident that you'll be happy with 2.20 before the end of the year. Even happier if you grab some more today!

Pete

PSs. One of their goals for the year is a resource estimate on Rio Suro. Also they believe that Alumbre is the source zone for the whole area, so when they poke enough holes in it to generate an estimate there, I'm betting it will be very good news.



To: Grant Stewart who wrote (957)6/10/1998 1:12:00 AM
From: Elizabeth Andrews  Read Replies (1) | Respond to of 1092
 
Do you really believe that shorting a stock can make it go down if it's fundamentally worth more than it's trading at? Are you sure you are on the right channel? Shorters usually are best when the stock is worth zero and is going there. GIT has yet to prove than they have anything but a huge sampling problem. Reserves? Not even close.


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