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Gold/Mining/Energy : T.ITE: iTech Capital (TSE) -- Ignore unavailable to you. Want to Upgrade?


To: Keith Minler who wrote (118)3/3/1999 12:24:00 AM
From: keith massey  Read Replies (1) | Respond to of 5053
 
You mentioned all the things I already have on my mind.

Almost all of the cash rich juniors that are selling below cash levels are in the mining field and are slowly draining their treasuries with kick-back, salaries, and useless drilling projects. I should now since one of my hobbies is following the 70 or so very cash rich juniors on the TSE and VSE. The insiders of stocks such as MAR, IPJ and KMC.U (to name a few) should go to jail for wasting as much money as they have in the last couple of years. The only other junior that is selling below their cash value that is not in the mining field that I can think of is TCC.

Jordex is one of the few mining juniors that hasn't burned any cash in the last two years. In fact, after interest income and forgein gains that actually have several million more in the bank than they did two years ago.

The one phrase I like from your post is "as soon as all the hype dies down".

I am normally a very short term trader and rarely hold stocks more than a couple weeks (normally only a couple of days). I'm not in this stock for the long term and will take a quick exit with a large percentage of my shares within a couple of days of the news. I might let some free share ride if I get the chance.

I will be very surprised if this stock takes a dive when they announce a new business deal in the internet or high tech. field. These guys are very good at wording their news and will probably make their new deal sound amazing.

Best Regards
KEITH