the times they are a-changin' Message Board

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Strategies & Market Trends : the times they are a-changin'

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To: marcos who wrote (3)	2/9/2002 10:46:20 PM
From: ralfph	Read Replies (1) of 145

ELD- She is hot and history has shown that it can move. I figure after the Sprott deal goes through there will be about 160 million shares out. ELD will then be debt free , have one operating mine, about11million in cash, a management team that can squeeze a nickle till it screams, and Kitsladag which has about 6 million ounces and could have more once the drills get moving. ELD intends to get the property running soon. The problems I see are a technical wall at 85 which could be chewed through on the price of gold and the huge delution factor. This one will trade like an Australian company- nice and liquid with small moves. But until all the pieces are in place it can move pretty quick. I am out but could get in whenever the mood hits. regards ralfphieeeeeeeeeeeeeee

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