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Gold/Mining/Energy : Ontex Resources (ONT Alberta)

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To: mark warburton who wrote (359)8/1/1999 8:50:00 PM
From: Biff  Read Replies (1) of 519
 
It seems to me oonly a few of us are still interested in this stock. In time, we will have major interest, and if management will not publisize what a great portfolio of properties we have, than we should use this medium, and make sure the market becomes aware of Ontex. We have 2 months of continued drilling still to come. If the results are as good as they have been, we will double our reserves in no time. I understand we may be drilling for years in order to map out the total inventory, and our share p[rice fall in recent months may just be a short term correction, or buying opportunity. I have enough shares, therefore I will pass on buying, although I would if I had more confidence in managements objectives. This stock should not have dropped under a buck. That was the barrier for many, maybe a way of shaking the tree.

We are definately a target at these prices. ADOPT THE POISON PILL ASAP. If not, we are a steal at 30 million, or 40 mill ($1 per share). Most majors would be interested based on the results to date. Why wait for us to prove 2 mill ounces in 2 years. They will have to pay $5-$6 per share. Steal the property now, and prove the rest with their own resources. Not much of a gamble.
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