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Gold/Mining/Energy : At a bottom now for gold? -- Ignore unavailable to you. Want to Upgrade?


To: Alan Whirlwind who wrote (1215)6/24/1998 1:00:00 PM
From: Ray Hughes  Read Replies (1) | Respond to of 1911
 
Hello Alan,

Have you worked in this industry for many years? If so you know that first the deal basics are negotiated, then one gets the drill logs and access to core and assays. If you've worked in this industry for a long time you would know that "there is no free kiss before the dinner has been consumed." First a "heads of agreement," at minimum, is set. Then, if core is said to have much free gold as was the case with Busang, a geologist with a good Hastings Triplet colour corrected field lense can tell, in about two minutes, that there is or is not, gold in the core.

"Virtually" all stocks carry a short position forever. But perhaps you know the same people I know who told me to short at a specific time for a specific reason. They know people with Hastings colour corrected triplets.

Alan, your profile says dealer in exotic herbs. I didn't realize you were also a geologist.

RH