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Gold/Mining/Energy : Major General--MGJ -- Ignore unavailable to you. Want to Upgrade?


To: kidl who wrote (773)11/4/1998 6:10:00 PM
From: donkeyman  Read Replies (1) | Respond to of 1707
 
Thanks boys, Kidl you're correct the Major is hard to figure, there are companies very similar with one little risky mining project doing better. Like Gord said, with their gold discovery alone they're worth about $0.40/share. It's a shame because they have so much on the go. In SVB, it's not as if their property is way out on the fringes, the big action seems to be near their border, they're one of the very few that TECK and Donner is going to have a second go at in terms of drilling, it don't mean a thing.!! They have that diamond play on Victoria Island, having results soon to come, with no other than DeBeers (Monopros) tied in with them somehow. Most people that I talked to picked up a few MGJ shares based on SVB not knowing anything about the gold or the diamonds, but so what it hardly made any difference anyway. It seems $0.30/share is a hard nut to crack! However with the excitement in SVB today let's hope tomorrow we see this continue and a turn around, just as we are seeing in the financial markets over the last month, maybe that's what has been lacking.!!!!



To: kidl who wrote (773)11/4/1998 11:01:00 PM
From: zedex  Read Replies (2) | Respond to of 1707
 
Hi kidl

Those questions are ones I wonder about too. Hope there are replies.

I appreciated Michaels reply, and his statement of his position.

One more thought. Positioned as well as it appears to be around Canada, having as many irons in the fire, all with lots of potential, the market response to MGJ still baffles me.

Does anyone know their cash/liquid asset position?

Bruce.