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Gold/Mining/Energy : Caussa Capital (formerly Antares) T.CAU

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To: The Fix who wrote (1814)12/12/1997 10:32:00 AM
From: bill718  Read Replies (1) of 4718
 
Morning Fix and all:

The drills are still going 24h/day at Ojolali, and so far the rainy season has not slowed down progress.

There are not likely to be any news releases till Jan., which I personally believe is the best course of action.

Further, we can expect a fairly aggressive promotion starting in Jan., which again I think is timed right. This should have quite an impact IMO, because by the time presentations are made more info should be publicly available. I will definitely be attending one of these in Western Canada.

Until then I would urge everybody to consider this: cash value hi 30's, and the previous bottom was .38 WITHOUT all the positive info we have seen on Ojolali. Current depth shows good support .40-.41 and I am hoping it does not pull back any further.

Most of my sources now feel the majority of tax-loss is over so if this is true, we could see a reversal in direction at any time, perhaps as early as next week IMO.

Regards,
W. Wolinski
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