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Gold/Mining/Energy : MPVIF Mountain Province Mining -- Ignore unavailable to you. Want to Upgrade?


To: Gabriela Neri who wrote (1025)7/16/1998 7:05:00 AM
From: Chas.  Respond to of 2577
 
Hi Gabriela......... From my perspective,and to be sure this is non-technical, the market folks of the Resource sector (including institutions) have lost faith in the sector and have moved on....where..?? who knows.... other stocks, across the board, I suppose......the NYSE and the NASDAQ for sure......I fear it will take either several years of moderate success and no BRE-Xs to reassure investors, there will always be a few standouts possibly WSP because of the huge $ potential of the strange and bizarre "ore body" that they've come across (big $ct and $/ton values) if connected to decent tonnage and a good PR show. When you look at Aber, SouthernEra, DiaMet, Mountain P these guys should all be trading higher..each to its own strength. Aber plagued by rumour problems, possible takeover target(you would think this would propel the stock..go figure) SoutherEra and a whole bag of African problems........Dia Met just undervalued at present....Mountain Prov. saddeled with the ambiguity of "to be or not to be" (a mine).....the Alberta Play flat on its ass.........add it all up and you have market apathy toward the Resource sector...we need a couple of big winners to emerge in the NT or Alberta to re-instill the confidence, other wise we languish....a lot of good buying opportunites for the loooong termers but just dead money for the guys trying to make a quick killing..one can analyze the pants off of this puppy but I see the above as the long an the short of it