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

To: zedex who wrote (778)	11/5/1998 7:56:00 AM
From: donkeyman	Read Replies (1) \| Respond to of 1707

Major General back a few months ago was running around $0.40 to $0.50/sh. Now the Major looks 10 times more interesting, and they are only $0.30/sh. I think it's caused mainly by the world markets, and those markets are moving ahead over the last month BIG TIME. This could be the day for the turn around in Major.????

To: zedex who wrote (778)	11/5/1998 1:43:00 PM
From: Chad Barrett	Read Replies (3) \| Respond to of 1707

<< the market response to MGJ still baffles me. >> Sometimes the market doesn't like mining companies that don't seem to have a direction. If the directors of the company are "experts" of some sort, capable of making above average decisions in a certain area (such as finding a gold mining property in South America, or in Ontario, etc.), the people like to see those people focus in their area of strength. In the case of MGJ, they have a couple of gold properties (in Labrador and Ontario?), a nickle property, and a diamond property on Victoria Island. They can't possibly be "experts" in all of these area. Having said that, each of these properties may indeed be winners! The market often will look at them though and say, "Just what direction are you heading in?". Another problem with so many prospective properties at once is that you get people buying the stock for different reasons. If one property gets bad news (SVB this year) while the other is getting good news (Victoria Island diamonds) then the overall result is a stalemate. I think this explains why 1 property stocks often trade better than diversified junior mining stocks like MGJ. ... just my thoughts.... Chad