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Gold/Mining/Energy : Best buys in current market

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To: StockJock-e who wrote (27)	3/28/1997 10:24:00 PM
From: Mark McG	of 210

Here's a best buy: Carmanah Resources (CKM-TSE) This oil company is drilling on the island of Sumatra in Indonesia and has fallen from $7 to $5.80 as a result of BXM reaction. Check out these news releases and opinions: Carmanah Updates Indonesian Activity cdn-news.com Carmanah Starts Camar Drilling Program cdn-news.com Carmanah Announces Record Year-End Results cdn-news.com Carmanah Resources Ltd - In the News Globe says Pratt gives Carmanah twelve month target of $9 Carmanah Resources Ltd CKM Shares issued 23645155 1997-02-14 close $5.55 Monday Feb 17 1997 In the News The Globe and Mail reports in its Saturday, February 15, edition that Jackee Pratt earned 42.5 per cent return for the Maxxum Natural Resource Fund last year which was ranked among the top 10 mutual funds for three and five year periods ended December 31 1996. The Globe's Andrew Allentuck writes that Ms Pratt runs the fund with a bottom up growth oriented selection strategy. Since November 1995 the fund's assets have doubled during her watch. One of the company's her fund currently holds is Carmanah Resources. Carmanah is an oil exploration play with properties in Indonesia. Cash flow is estimated to be $1.70 a share in 1998, up from 9 cents in 1995. Ms Pratt says she is comfortable with the political situation in Indonesia. The government recognizes that the nation needs outside expertise and capital, she says. If any company suffers, that could impede Indonesia's ability to attract capital and expertise, she says. Ms Pratt's 12 month target is $9.

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