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Message: Re: Share Prices & POG

Oct 17, 2007 04:52PM

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Oct 19, 2007 05:34AM

 

Jerry, the strong allegation against Peter Tagliamonte calculating to fake the Bellavista ground slippage to temporarily run the stock price down is one which I find difficult to accept. There is no doubt you make a good case and most likely have been successful in convincing investing newcomers. I correspond with Dennis and Peter on a regular basis and unless my assessment of them is completely misunderstood, my belief is their sincerity is credible. It is somewhat the same argument as the NFL fixing their football games. This theory has been tossed around the sports world for years, but has yet to be proven. The theory lacks conviction because too many personnel would have to be privy to pull such an operation off. It’s much the same case with Bellavista when you take into consideration how many people would have to go along with the disreputable scheme. An operation this size is not the same thing as pitting two boxers in a ring. And finally please remember Peter Tagliamonte has a sterling reputation in the mining world and I do not believe he would sacrifice it.   

As for the American investor moving into gold, I certainly agree with you the ETF has grabbed a share. But what I am referring to is the general public on the street that has no clue what an ounce of gold is worth, or which is the largest gold company in the world. I reside in what some have labeled the “Mecca of Mining”…Vancouver, BC and would you believe I could stop ten people in the uptown district and ask them the same two questions. I would be lucky to discover if one of the ten people could give the right answers. When the day comes and this a household question…what is the largest gold company in the world, then I believe the American public will join our party; stocks will move in the direction they ought to. My question to the board is, what will it take in terms of a gold price to move the markets, $700,800,900 or a 1000 an ounce? Perhaps it may not be the price of gold after all, but rather the increased earning that the miners are certain to report in the coming quarters. Wall Street loves profits and this may be the final catalyst to generate serious interest in the sector. When I look at the AMEX and TSX gold listed companies and compare the daily volumes to other sectors, it is evident the American or Canadian public for that matter is not remotely close to understanding the gold story.

 


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