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Re: None

Monday, 10/16/2006 11:38:51 AM

Monday, October 16, 2006 11:38:51 AM

Post# of 19037
GSS CFO resigns. No position in this one currently. Only PM continues to be Novagold. Still feels like gold has more downside left before we get signficant upside.

http://biz.yahoo.com/bw/061016/20061016005811.html?.v=1

GSS got hit first w/the hydro shortages, then the mine explosion (non-event in reality), and now this. Still see a takeout as a good possibility, but water/electric issues won't be settled till early Nov at the earliest (per PR) so waiting a bit longer to see if gold/PM can give me a clear read before I commit again.

Tricky market. Mostly just been sitting on cash waiting for clearer ops and spending time w/family.

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