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Gold/Mining/Energy : Vulcan Minerals - C.VUL
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To: Jeff Spurrell who wrote (41)5/9/1997 8:06:00 PM
From: Jim Woodman   of 415
 
So they jumped into the hot diamond area play in Alberta. (probably in the works before it got as hot as it is now, though) They also jumped into an Ontario oil deal.

Only problem is they already had the Carbonear property, Labrador titanium property and West Coast oil interests. They do not have a lot of cash and seem to be really spreading themselves thin. Are they just trying to push paper or do they have a decent chance of finding something economic in some form? I liked the company and was a shareholder until recently but these recent moves, while perhaps good for short term trading, bother me to an extent.

Now I could be very wrong, especially if the diamond play keeps getting good news..

Any thoughts?
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