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 : War Eagle Mining...[WEM:VSE] -- Ignore unavailable to you. Want to Upgrade?

To: Benfica who wrote (120)	6/29/1998 8:10:00 PM
From: Jon Warren	Read Replies (1) \| Respond to of 235

It would depend on when WEM is planning on releasing some more positive news. The weeks leading up to a news release the stock should climb. If the news is positive the stock might spike some but from their last release it seemed to flounder now it's dropping. If you buy in October the danger is year end selling in December so you might not want to hold for more than a month. I can't tell you what WEM is doing right now but if they are drilling or awaiting results drilling results, then now might be the time to buy. And then there's the POG which might go up as well. But even with proven reserves most of these resource stocks seem to be trading at their lowest levels and continue to slide. I for one would not be at all surprised if this stock should trade in the single digits over the summer (6 or 7 cents). Then again they might hit it big and the thing will go to a few dollars(LOL). Maybe someone else knows what WEM is up to. They might be able to help your decision making process. Be careful. JW

To: Benfica who wrote (120)	7/9/1998 5:18:00 AM
From: John Bigbootie	Read Replies (1) \| Respond to of 235

The danger in this market is that many of these exploration companies, such as WEM, may remain in extended hiatus due to the general deflationary pressure on metals (and all commodities) over the past decade. There is no reason to believe an increased demand for silver and gold will develop in the foreseeable future. On the contrary, with the contraction of East Asian economies one can expect further deflationary pressure globally and a diminished demand for industrial metals (such as La Fortuna's silver). What will happen to metal prices if Asia's economic woes begin to effect NA economies significantly is anyone's guess. There is also the matter of WEM more or less abandoning its diamond prospect in Alberta, which weighs heavily on WEM's stock. There is no longer any sort of "story" to flog, other than their Mexican standby, which has worn a little thin with anyone who has followed the stock for any length of time. The sizzle is gone from the steak, the BBQ has fallen in the pool and when the owners/directors sober up, they'll probably notice they are beginning to get hungry (so much for an attempt at a pithy analogy!). The ordinary share holder will have starved long before.