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Gold/Mining/Energy : American International Petroleum Corp
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To: NoMoney who wrote (4385)11/4/1997 5:09:00 PM
From: NoMoney   of 11888
 
The mention of resuming negotiations with several industry partners does not say or necessarily mean that negotiations prior to these have ended. I noticed that the release mentioned ongoing negotiations.
One thing that seems certain is that the company is definitely continuing to set up for business in the region with the addition of Pavloff and Kunevich.
The change in regard to Woody is admittedly disheartening. One would think that prior to making the announcement of his coming onboard, all the kinks would have been worked out. Including his family. However, to remain as a consultant seems to indicate that he still wants to be a part of the action.
Apparently, there remains support for the present price ranges of this stock. Tomorrow will really tell on this one IMHO. As this news becomes more known, we will see the reaction. I am still holding, although, I did think about selling for the first time. However, as I have said in the past, only oil is going to make this baby slip out of my hands.
If one is inclined to believe that this story does not necessarily hinge on Woody but on OIL and KAZACHSTAN, then todays news just may provide another buying opportunity.
I tend to believe that too many were holding this one and the market will be glad to see more shares to play with when the weak stomachs prevail.
We have seen bad news before or should I say perceived bad news. Remember the financing release re: the Hunts.
About a month after that information we saw highs near $7.
Hang in there! It has only been four months since this rollercoaster ride began.

Peace,
NoMoney
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