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Gold/Mining/Energy : St. Jude Resources......V.SJD

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To: Fishfinder who wrote (2754)12/24/1999 11:57:00 AM
From: keith massey  Read Replies (3) of 3065
 
Scott

I think many people are thinking similar to yourself and taking a tax loss on the stock the last couple weeks. The volume sure indicates this. I am in at .40 for a short term hold with an expectation that we pop up a little in Jan. on a couple bottom fishing recommendations.

Based on the Oct 31/99 quarter from Sedar and the burn I see:
$1 million investment in the Ergo-desk item
$9.1 million in cash
$250,000 debt.
For now I will give the $9.8 million property a zero value until proven different.

With 14.7 million shares there is .69/share in cash and investments. This alone will bring out the bottom feeding newsletter writers.

Best Regards
KEITH
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