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Gold/Mining/Energy : Scimitar Hydrocarbons, SIY:ASE
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To: beanster who wrote (796)7/26/2000 1:47:02 AM
From: j.oil  Read Replies (1) of 864
 
I just have a hunch that things will get real interesting soon.SIY is profitable even before the thermal program starts,I think there are some groups looking at SIY and thinking they can buy Huge reserves at a discount to market.SIY has had many road blocks along the way,but they have accomplished something no other company has done in Egypt they have cut a great deal with the Egyptians (thanks to Mark Smith),and I think there are some major groups that feel they can move for a fair market price and secure this Elephant.Today we saw some very big bids come in and once the volume picks up I think the sellers dry up and up goes the share price.
J
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