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Gold/Mining/Energy : T.ITE: iTech Capital (TSE)

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To: keith massey who wrote (597)6/22/1999 12:42:00 PM
From: Crazy Canuck  Read Replies (1) of 5053
 
>>so I am holding my all my shares<<

Morning Keith,

Just checking in to let you know that I also increased my holdings in this company this morning.

So just to review . . . JDX now has over $20 million dollars in cash and they have just spent a whopping $1.5 million for some PP on a company that has a strong growth rate - LOL. Geeze at this burn rate, they could do this over 12 more times <ggg>.

Now this investment is in a company whose products and services are in high demand, and they are at the centre of a field which is growing strongly. Given the positive spin that CNBC has already given this company in their earlier review, I believe that this upcoming IPO will be a popular one.

Yes, I am very interested in seeing what are they going to do with the rest of the ~$18.5 million that they have left.

I have to agree with you in that I believe that they are building a master plan. In my opinion, you don't sit around this long and not have a fail safe plan for growth and stability. Also, correct me if I am wrong, but doesn't Kaiser have a $10 price target on this stock by the end of year? I wonder what he thinks of this deal?

I have not sold any of the shares I purchased months ago, and I been waiting for JDX to tip their hand before I decided to sell or buy more. I wanted to see if I liked where they were headed. Now after this release, I definitely like what I see! I know it is just a start, but it looks like a good one.

Yes Sir, the next half of the year should be pretty interesting.

Crazy Canuk
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