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   Gold/Mining/EnergySSRIF Silver Standard Resources


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To: Gerald Walls who wrote (378)11/24/1999 10:46:00 PM
From: Claude Cormier
   of 403
 
Hello Gerald,

Are you in SSRIF and BAY as well ? I think BAY also trades in the US..

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To: Gerald Walls who wrote (378)11/25/1999 1:49:00 AM
From: ForYourEyesOnly
   of 403
 
"they'll figure that they ought to try to profit first. "

Except for the fact that once the oil is gone, those countries will return to desert unless they have accumulated a large amount of wealth or built other industries......

Long term thinkers will want to sell at a higher price.

Perhaps they will work together to raise prices?

THC

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To: Claude Cormier who wrote (379)11/29/1999 12:13:00 AM
From: Gerald Walls
   of 403
 
Are you in SSRIF and BAY as well ?

Actually I'm out of both PAAS and SSRI (my two silver stocks) right now. Sold PAAS before the run up, dag nab it, and SSRI after it peaked and pulled back a bit. Can't complain about the SSRI return since I bought it at 7/8 and sold it at 1-7/16.

I'll probably buy back in.

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To: ForYourEyesOnly who wrote (380)11/29/1999 12:33:00 AM
From: Gerald Walls
   of 403
 
Except for the fact that once the oil is gone, those countries will return to desert unless they have accumulated a large amount of wealth or built other industries......

We've always been 10 years away from running out of oil. That's why we had the 55 MPH speed limit and still have the EPA mileage requirements. Don't believe it.

Long term thinkers will want to sell at a higher price.

Perhaps they will work together to raise prices?


They tried it in the 70's and oil's been in the single digits since then. Why will it be different this time?

Cartels don't work except over a short period of time. (The only exception I can think of is diamonds, and from what I understand the Soviet collapse almost released a horde of diamonds that would have brought that down.) It's a variation of the Prisoner's Dilemma. The biggest winner in a cartel is the one that cheats the most, especially if all the other members honor their limits. They all know this so they all cheat, while publicly denying it.

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To: Gerald Walls who wrote (381)11/29/1999 9:42:00 AM
From: Claude Cormier
   of 403
 
<<I'll probably buy back in.>>

I suggest you study BAY (CBYMF)... you should easily conclude that your do's will be better off in Corner Bay than anything else in the silver camp.

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To: ForYourEyesOnly who wrote (380)12/3/1999 3:03:00 PM
From: EZbeliever
   of 403
 
THC ... How's your portfolio doing?

Mine sure stinks. Can't believe I even typed those words but it is true. Now below pre spike up levels. What a bummer!

Even our somewhat resilient Silver Standard is back down to it's
normal trading range.

Sure hope you sold some of those options!?

While I'm crying on the keyboard think about this. The only investors winning these days are the dupes in the most overvalued segments of the general stock market. Go figure.

Just thought I would say "hi" and share some misery. I know...I know...that's not my style, but this PM market stinks. Needed a friend who's been in the trenches to whine to.

Now that that's over I feel better..... Back to action in the battlefield!

Talk to you later,

EZ

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To: Gerald Walls who wrote (382)12/9/1999 9:12:00 AM
From: ForYourEyesOnly
   of 403
 
unam.netgate.net

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To: ForYourEyesOnly who wrote (385)12/9/1999 9:29:00 AM
From: Gerald Walls
   of 403
 
So, you either believe that It's Different This Time and that the oil cartel will permanently control the price of oil with an iron fist, wringing every last dime out of us, or that like every other time in the past when OPEC tried to squeeze us the members will eventually start to cheat and the whole thing will fall apart.

I believe the latter, you believe the former. We should both invest according.

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To: Claude Cormier who wrote (383)12/19/1999 10:20:00 PM
From: baystock
   of 403
 
Don't you think BAY has peaked ?

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To: baystock who wrote (387)12/20/1999 12:15:00 AM
From: Claude Cormier
   of 403
 
<<Don't you think BAY has peaked ?>>

It is always possible if all goes wrong. I mean, if silver move decisively below $5, if the recovery rates at Alamo Dorado are only at 60% and if they do not add to current reserves...then yes..BAY will have problems to make a new high past $3.04.

But the probabilities are that silver will continue to trade around $5, that the recovery rates will approach the rates in the preliminary tests and be between 65 and 70% and that more reserves will be added.

IOW, I think that those who recently took a private placement at $3 are right. BAY is likely to move much higher.

The NAV with silver at $525 and very conservative recovery rates of 60% is near $5... With 70% recovery rates, the NAV is above $7, so a target of $4 appears to be extremely conservative on an acquisition basis.

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