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Gold/Mining/Energy : Parkcrest Explorations Ltd. (PKC) Harken (HEC) partner
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To: Ed Ajootian who wrote (164)7/14/1998 10:38:00 PM
From: Jeff  Read Replies (1) of 261
 
Ed Don't jump yet. Volume today 123 thousand on 20 trades...up to .70. Here's the latest angle. Estero 3 a dry hole for all intents, although they believe this proves up the trap theory and will produce out of number 1. (PKC geologist says 3 was the wrong location). Special Warrants were closed and much of future financing will be done through exercising the warrants at 1.31, 1.80 and 1.87. No further dilution expected. This puts pressure on PKC to increase stock price so warrants will be exercised. Thus an announcement on a JV in Escondido. The 10 million out of New York is supposedly just the tip of the iceberg. Stay tuned over next couple of weeks. Comments?
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