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Gold/Mining/Energy : Petrokazakhstan Inc.

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To: Bread Upon The Water who wrote (891)3/5/2000 9:24:00 PM
From: FoxyLoxy  Read Replies (2) of 2357
 
Mr. Hickman

Foxy is just fine. I have been called many names before, some not that flattering, but my skin is thick and I can appreciate that calling someone "Foxy" can be a little uncomfortable. Some call me FL, which is fine too.

I agree with your sentiments. And, I too enjoy this thread.

Razor is pulling your leg a bit, he really does not care if you are long, short, tall or average. On another thread, Razor and I have been ridiculed for posting but not having a financial stake (or is that steak) in the Company discussed.

I, for one, appreciate your views. I do not really think you are much different than the majority of investors. The market speaks volumes.

The ride up from here for Hurricane will be difficult. Wait until people realize that the Company needs to raise about $200 million of new capital in the next three years to make the "current dreams" come true. In this market, that is a tall order. If the stock stalls out at now, imagine the task at hand getting such massive funding. They will need to hit the institutions up for money - and they are a very tough audience. Try telling them to sell some other undervalued domestic oil and gas stock in order to jump in on the Hurricane band wagon with all its eggs in Kaz.

The "Russians" may indeed need oil, but with what shall they pay for it with? Their production is down because they have not had the capital to put "back in the ground". Oil and gas is a nasty game, the minute you stop putting capital back into, the asset base continues its decline. This fact fools many an investor. Always, always, always assume that production levels decline.

Mr. Hickman, you have likely made a wise decision. $.35 to $3.50 was the easy money, to current levels was nail bitting, here forward...... A whole new batch of investors is needed. A slow transition. And, all that debt to pay-off as well. A slow slug from here I am afraid.

Good luck on your other endeavors.

FoxyLoxy
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