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Gold/Mining/Energy : Midland MRIX, MRIXZ
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To: Ed Ajootian who wrote (3)3/17/1997 12:50:00 AM
From: S. Thomas   of 32
 
Ed, I want to thank you for post, especially for the very valuable information.

The company's newsrelease following the price run-up was so guarded! So it is good to know that they did strike oil and the it was not just one well but four.

You say the biggest gains are behind us. But I think that if the common moves from $6 (where is it now after a good deal of consolidation following the run-up) to $10, the warrant is good for $6 + a time premium which would be more than a double from the current prices. Even 50% would not be bad.

Thanks again for posting. This subject was getting lonely.
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