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Gold/Mining/Energy : BANDORE
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To: rex reed who wrote (523)5/1/1997 7:20:00 AM
From: James W   of 1692
 
Rexx:

I most definitely agree there is support above three dollars and we are on an uptick. Personally I couldn't resist at these levels and have begun and will continue to accumulate a position. I'm sure it has been painful for those who have been long at and above $10, but, as many have said, once the reserve calculation comes out the phrase "Buy side imbalance" comes to mind. $20 a share is absolutely feasible and as I've said, people who were looking at this stock at $3.00 will be shaking their heads at what an incredible opportunity they missed. The gold is there, intersected in over 200 drill holes and visible gold has been encounter across the property. Band-ore completely owns the 6,000 acre Thorne property and the Timmins camp has produced well over 60 million ounces of gold. Don't forget that there is $5 million in the kitty as well. All the majors are watching each other and Bandore like hawks and as more drill results come out there can only be one direction for the stock. Straight up. Let's be serious here. Is there really a potential downside? Not likely at $3.00. Is there really a potential upside? Absolutely. If you don't agree, would you short the stock? (You'd have to be put in an asylum at these levels).
Best of luck Rex and all, May should be fun.

JW.
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