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Gold/Mining/Energy : ECGOF: Anyone following this company?
ECX 1.865+10.4%3:59 PM EST

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To: Frederick Menslage who wrote (92)2/5/1997 5:21:00 PM
From: david james   of 269
 
I was waiting to see some large blocks sell, but it didn't happen. Most of it looked to be in the 1000 to 2000 range. I was expecting 19 or 20 cents so was a little surprised to see a bit of panic selling. Recovered nicely during the day only to drop a bit at the closing.
The conference call should be interesting and there should be 'other news' out soon too. The company needs to convince the funds in the conference call that they are really quite likely to hit $1.20 this year. If they can do that, we should move up to a P/E more deserving to the companies growth (i.e., P/E > 20).
I've heard from AOL that the CEO has bought all the shares his margin account will allow him. Can't imagine we have anything but positive surprises from here.
Dave
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