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ewallman

11/28/03 11:07 AM

#534 RE: amarksp #533

Thanks for the updates Amarks and Russ. Hopefully the stock will just 'hover' at it's current level for a bit while this change is digested. I don't have many shares left (thanks to Russ I was in very early on National)as I sold on the way up but this remains a good stock with a lot of potential.


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russwinter

11/28/03 12:32 PM

#535 RE: amarksp #533

I think that's the unblemished version of it. I also think the more aggressive approach laid out here is the way to go. In fact I think they ought to go to market and raise as much money as possible at these prices. Also the main story here is taking advantage of their new exploration guy from PDG. It would be a mistake not to turn him loose (sorry his name escapes me at the moment, and I have a mind like a steel trap <g>).

It's too bad Chester couldn't buy into this, but when you're 76, why bother with these kind of major differences. I definitely don't see this as abandoning a sinking ship at all.
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marcos

11/28/03 12:44 PM

#536 RE: amarksp #533

This is not completely out of the blue ..... four years ago Chester never expected to mine again, then when Mulatos and a bit of an uptick in gold came along, his interest was generated by pretty much immediate prospects for mining .... not a grand exploration project, but mining ..... well the holdouts among the ejido didn't help this any, also it took time to raise the capital with the fractured ownership pre-merger, and generally the regulatory ambience in both Canada and México slows things down considerably from the rate you could have progressed at in 1972 .... plus, it does make sense to drill the deep of Mulatos, call it condemnation drilling if nothing else, and actually there is good sign of reasonable grade there

The wording of that release suggests a degree of rancour between parties, that i don't believe exists ..... McCluskey has been running the company for some time, and remember it was Chester who picked him in the first place .... Chester has never been particularly patient, his interaction with Messrs Barrett and Keeble over Afton demonstrates that, lol .... he won in that case, but he was younger then, more interested .... no one doubts the outstanding contribution he has made, at the same time i think most of us would like to see a more comprehensive course taken with Salamandra than a small-scale mine ... you likely got the sense of it straight off, amarksp, Hughes and McD would have voted with McC

Mind you i'm not in contact here for a long time, and never was privy to fine detail .... but i don't see why the shareprice would take a major hit on this news? .... could be, but it hasn't so far this morning ..... it wouldn't break my heart to see a sell-off, i don't have many shares left, and would add on a serious dip .... we shall see ... cheers