Stockscom Alert for Thursday Nov 4 2004

Publisher: Colin Alexander     Editor: Ken Wilson

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Golden Star Resources (GSS) released their quarterly results today which were startling insomuch as they incurred a loss and the stock consequently dropped. Blame for the loss was put on weather factors and a recalcitrant contractor and this has caused them delays in starting new operations to increase production. Nevertheless we recommend exiting this position and buying Placer Dome (PDG) for we still wish to have some gold in our portfolio and PDG is arguably the best performing major gold producer over short term and long term outlooks.