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 : Franco & Euro Nevada FN , EN -- Ignore unavailable to you. Want to Upgrade?

To: fergie who wrote (423)	3/14/1999 4:43:00 PM
From: Traveling Man	Read Replies (2) \| Respond to of 658

Fergie, BBOB has a good answer on the "renewed" debate about value. IF your reason for investing is bullishness on gold,I would park more in EN myself. I,personally, am not bullish on gold or to be honest on anything except these 2: Pierre Lassonde/Seymour Schurlich as well as investing in value when others think what I am buying is worthless. I'm of the opinion that FN has successfully set the stage for another decade of dramatic growth in the last 12 months of investing,comparable to what they had the last decade. There will be a period in here where shortterm we won't see a big benefit. BUT,when these assets are producing to their ability,they will flow cash to FN,not only in large quantities,but for a LONG time to come. VBN and Stillwater are awesome properties. I honestly don't invest in these 2 based on bullish commoditiy outlooks(though that would be great). I don't care if they start selling vacuum cleaners.If they did, count on the fact that they would have 80% profit margins! These 2 are the world's greatest vultures and I love them! About the FN % of VBN shares owned,you are probably correct. I know FN went back and bought about 10% more than originally purchased. I also know Lassonde is personally involved with the Newfoundland Premier/Inco in trying to expedite permitting. It will happen sometime,who knows when? Now is not a good time to be selling the product anyway. FN has an "Asian" outlook on their assets. They look strictly at the long term,no short term increases in output to boost shareprices for shortsighted investor approbation. They prefer to hold their cards close to the vest until it brings what they figure it's worth. IMO,you have just made the highest quality investment you ever will. TM