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Gold/Mining/Energy : ARAKIS: HIGH RISK OIL PLAY (AKSEF)

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To: Larry Brubaker who wrote (7600)1/11/1998 6:08:00 AM
From: Edward M. Zettlemoyer   of 9164
 
Larry, I see Mr Lundin as a low volume bargin hunter who ends up disappointed like the rest of us. Actually I see the accumulation by Sands as very positive as they are absorbing some of the dilution created by Reg S. This of course is under the assumption that Sands will hold for the long term. Of course, on a negative spin, after all contracts are signed Sands could dump all 9.6 million shares to drive the price of AKSEF to about 13/32nd above whale shit then turn around and buy the whole company for little more than elephant feed. After seeing the MM's in action this wouldn't suprise me. Ed
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