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Alias Born 12/29/2001

Re: None

Friday, 11/12/2004 9:40:56 PM

Friday, November 12, 2004 9:40:56 PM

Post# of 18
This looks like it's going to make its move next week.

Canaccord is bringing in their clients, and it is undervalued.

Haven't checked when earnings are due, but I suspect they will show some production.

Had a great chat with IR. No pumping me to buy more, and sounds like they are very aware of the need for no further dilution until the stock is higher. They are also happy with Placers work schedules at the various JVs.

My concern was that Placer would just sit on the properties.

They also plan to drill Magistral to expand the resource. Possible expansion to underground also depending on the drilling.

My read of the charts is one of a fairly long accumulation.

Appreciate any comments that can temper my enthusiasm, and/or shed more light. I am always ready to be wrong in this game.