To: Claude Cormier who wrote (3955 ) 5/29/1999 3:28:00 PM From: Joe Hartenbower Read Replies (1) | Respond to of 5143
Claude, we just hooked up with the space station. Several years ago many said that's impossible. The DOW is headed for $20K, many were absolutely sure it would not get to $7K, etc., etc., etc. You are stuck in the past and say that therefore everything in the future must be the same. OK, gold will return, so will silver, copper will go back up, etc..... NOT NECESSARILY SO. Your numbers and logic are based on many years of high risk exploration and scams. Maybe it's time to take off your green eyeshades. The reason MAN is not at $5 or $6 is because not that many investors want to trade traditional metal stocks. Until they do, all your explorations, reserve calculations, etc. aren't going to make any difference. What will make a difference is "money on the table". You allude to being flamed. Not so. The reason I am coming on so strong is because your track record is not good over the last few years and yet you continue to give the false impression that you know the answers. You communicate you are right (or at least others are wrong) and yet you have not been right. The reason I quit paying you was because I was losing money following your advice! If that's flaming, then so be it. Now here you are again. Geezeeeeeeeeeee. >>The problem is that all the mining stocks that have no proven reserves are always priced at a very low cash flow multiple.<< Noooo, they are low because no one believes that at least for the next several years the metals will come back and I agree. >>The cycle will resume on the upside within the next 2-3 years at the most, possibly this year.<< I really doubt it. Candidly, you have been spouting this for the last several years and the opposite has happen. Because of yours and other's professional (for money) advice, a lot of people have lost a lot of money. I think everyone should be accountable... me for making bad decisions and you for giving bad advice. However, all said, I do hope you are right. If they start back up, a lot of people will make some money. Your friend. Joe