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Gold/Mining/Energy : BRE-X,BSR,ORL,CME,TGC,BYG,CVL,PCR,CBJ,EMT,SPQ,MSM,IRL,NC.

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To: Fred J Bealle who wrote (115)	6/2/1996 12:10:00 PM
From: Steven Fischer	of 130

Fred, I have no knowledge of the company,but I think the reason it has come back a bit this fri.(not much) is because I call the reason- bill paying -end of the month syndrome. I believe their are two reasons for a bit of fall back at the end of the month. 1) Shareholders are up and the questions come up saying, hey I have a few bills to pay why not cash out some while Iam a head? 2) The company itself may have a few bills to pay at the end of the month. The movement and money is still in this sector, I have one that I have, doubled already and it is tempting to cash out, but I know this company well and expect more as the months go on, it should peak in a couple of months befrore drilling stops. I also say ,make it take it...in your case I would wait and see if this bill paying is the reasaon for the stock to dip a litlle .See what happens this week. Or cash out a double is a double and it is hard to complain about that. So what if it hits the roof, their is always time to get back in on a dip.. I did not answer your question directly ,because I do not like the responcibilty, but I do hope I gave you some insight on your difficult choice.. -Steve

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