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Gold/Mining/Energy : KASTEN CHASE APPLIED RESEARCH.
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To: Ruby who wrote (940)8/19/1999 12:13:00 AM
From: mick  Read Replies (1) of 1247
 
I bailed.

They have only 6 mths cash left at the current burn rate.

The splitting off of the company and the departure of Jim Leech leave me suspicious.

Can't afford the chance that this company can turn around. There are companies out there with current earnings and the potential for more with low valuations.

I was hoping for something at least similar to Gandalf (Yanks driving it up on spec), but the potential for this appears over to me.

I will watch and may put a bid when it drops below 60 again.

Cheers
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