Forum Archive Index - November 2002

["winner69 ." <wwinner69@hotmail.com>]

Snoopy, I know Steven has been pretty quite on this forum lately seeing that 
gold shares have been drifting a little but maybe there are still 
opportunities out there for gold stocks.

Do I sense a bit of stirring here Snoopy?

The winners so far have been those who a year or so ago felt that there 
could be a resurgence in gold stocks as financial markets headed into stormy 
waters. The late arrivals haven't yet been richly rewarded - their day 
possibly will come.

My best experience with a gold stock has been Equigold (EQI on ASX) - in at 
49 last October and out at 95 when things looked a little overcooked. Bought 
back in at 83 in August (same amount of dollars as collected when I sold out 
so more shares). And 3 cents dividends along the way.

EQI still about 83 cents but watch for an increase coming up over the next 
few weeks/months as the US$ falls etc. Gold back up over 320 again is 
interesting. Watching closely

Mian reason for buying back in because Equigold doesn't look too bad on 
fundamentals. Real profits, recent dividends, sensible hedging and some 
interesting new developments underway. Maybe slightly overpriced for a 
resource company but offset by probably being due for another round of gold 
bug exuberance.

Just like you did with SCT Snoopy you need to take the opportunitiesn when 
they arise.  Well done with SCT you old scoundrel.

Interesting underlying trend with that company - but that's another story 
for another day.





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