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Gold/Mining/Energy : CURLEW LAKE RESOURCES (CWQ-VSE)
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To: Taff who wrote (357)6/25/1999 1:35:00 PM
From: Dale Schwartzenhauer  Read Replies (2) of 701
 
In terms of Curlew's share of financing, they have to come up with about $500,000 US, so that equates to 5 million shares at C$.15. Unless they are raising additional working capital for corporate purposes, they should have around 27-28 million s/o after financing. If they hit 4 billion barrels at a 5% interest, those few extra shares will represent trifles. BTW, for those technically minded, the breather we've seen in the market (.09-.15 trading range) has reduced the short-term overbought indicator while maintaining excellent long-term momentum. This is very bullish in my view.

Dale
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