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Gold/Mining/Energy : T.ITE: iTech Capital (TSE)

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To: Claude Cormier who wrote (1449)11/5/1999 11:01:00 AM
From: keith massey  Read Replies (1) of 5053
 
You can conclude that it could take a long time before they find appropriate vehicles for this money

I sure wouldn't conclude this. In talks with management they have told me both the deal flow has been increasing at a huge rate during the past few months. In addition, the quality of the deals they are viewing has also gone up. It takes time to set up the partners and contacts to get the great deals and deal flow and this is what they have been doing since Jan. It is no surprise that they only did the Medsite.com deal during this initial period. However once you are set up.....

The guys at JDX are sounding a lot more upbeat and confident about the future price of the company in the past month. I now believe that they must be close to being ready to announce their investment strategy and plans going forward. Just my two sense.

Best Regards
KEITH
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