CRL,100% growth, EPS of .04 6months .39 stock Message Board

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Gold/Mining/Energy : CRL,100% growth, EPS of .04 6months .39 stock

CRL 178.84

-0.7%

Nov 3 3:59 PM EST

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To: Ciao who wrote (150)	11/22/1999 12:18:00 PM
From: Ross Orr	Read Replies (1) of 177

I think the listing will happen before the year end. This is the reason for the special shareholders meeting. I understand that there is a sell order at $1.50 for a bunch and a good buy order at $1.40 so you have a bit of a mexican standoff. As far as oil prices I think the mentality in the market is that oil and gas prices will not hold considering the forecasts for a warm winter. Gas prices have already started to retreat. In any event, the price of oil is not really a factor for CRL as the refineries will still be operating at $14 a barrel or $24 a barrel. We haven't done anything for Armada for over a year but I still have my sources who said that they are still trying to do a deal with Oxus Res., the private company 35% owned by Normandy. Time will tell. Ross

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