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Gold/Mining/Energy : Tracer Petroleum (TCXXF)

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To: Knights Bridge who wrote (806)9/11/1998 1:11:00 AM
From: Dave K   of 1261
 
What do we know?

Nothing as usual. My growing belief is these folks have become masterful at stringing investors along for many years. There is always something, be it a well to spud or a property about to close or JV in negotiations, just waiting to be clinched. Latest is (was?) deals with an INDO bank. Good luck!. Reality is they are always consistently behind their reported schedule (up to a year) and then nothing worthwhile materializes. Anyone who has followed them for the last 4-5 years will agree.

Exactly what do these folks do all day long ?

I've had enough after four painful years. Sorry, Pete but I think it's time to face up and kiss our investment goodbye. This is the first and last Canadian company I will waste dime investing in.


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