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Gold/Mining/Energy : Montello Resources
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To: Kevin Garnier who wrote (4044)2/7/2000 12:17:00 PM
From: JP  Read Replies (2) of 4256
 
I think that MEO is looking great. The key thing to remember is that MEO has zero debt at the moment and does not have to spend a dime in any of the ventures that they are involved with. I consider that that gives a huge upside and basically no downside. The private placement that took place over the summer became fully tradeable over the last few weeks and the stock has held quite firm at 25 cents. This tells me that very few of those shares are being sold -if any -even though they represent a good profit. Tighten those seatbelts -all the companies that MEO is involved with are doing well -NBL-AVLL included so it is just a matter of time. JP
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