KOB.TO - East Lost Hills & GSJB joint venture Message Board

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Gold/Mining/Energy : KOB.TO - East Lost Hills & GSJB joint venture

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To: ForYourEyesOnly who wrote (3188)	7/2/1999 12:50:00 AM
From: Check	Read Replies (1) of 15703

<<.....I was just looking at the WML balance sheet.....it looks like they have a very small cash position compared with their long term debt....is the share price telling us they might have problems making payments?>> I think the stock got way out of line on the strength of being perceived as a pure 'gas play' when oil was in the dumps. I think the balance sheet signaled for a while that there was a major assets disposition and/or dilution coming. We've had a bit of both now and hopefully the ELH play pans out so they don't have to do more. Good luck and good night.

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