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Gold/Mining/Energy : mxp (mesa Inc)

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To: Bryan Arnold who wrote (324)	4/30/1997 6:21:00 PM
From: George Mc Geary	of 394

Bryan, Glad you had the insight to pick up some more shares. If I may ask what price did you pick them up at? I thought I would play the "safer ?" side of the equation and go for the PDP options. When we get done with this we will have to compare gains. So far I am up 21% gross. I agree with your premise though you would pick up $2.00 a share on today's price on the 7:1 ratio. However you have to spend $33.00 to get it and the difference is 6% without a brokerage fee. You might consider the options I haven't really checked out the premium to risk after my purchase. Good luck to all of us!

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