Jordex Resources Inc -
Kaiser says Jordex insiders look for big hit on Net
Jordex Resources Inc
JDX
Shares issued 30,367,857
1999-06-11 close $0.78
Monday Jun 14 1999
John Kaiser, writing in the May 26 Bottom-Fishing Report, says Jordex
Resources' insiders are looking for a project that will not fall over if market
sentiment toward the Internet sector turns sour. Mr. Kaiser recommended Jordex
in December, 1998, at 50 cents; other buy tips were December, 1997, at 85
cents and in February, 1999, at 59 cents. The letter writer contends that Bill
Staudt, Brian Hinchcliffe and Carlo Civelli (who collectively own around 15 per
cent of the 30.4 million issued shares plus options) need a project that will take the
stock past $10 "not just on promotion but on substance." Weakness in the market
will be the result of speculators losing patience, not on negative developments, he
says. Patience is the name of the game for Jordex, which Mr. Kaiser calls a
technical hold.
(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com
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