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Gold/Mining/Energy : Alta Gold

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To: Bucky Katt who wrote (121)	5/5/1997 2:09:00 AM
From: Bill Zeman	of 749

William The traders/shareholders don't like something about ALTA as evidenced by the recent break of support at 3 and the ensuing drop to current levels. What is it that they don't like????? Is it the recent 18.5 million dollars of debt ALTA just entered into. This does totally destroy what was already an ugly assets/liabilities ratio? This obviously makes this an even riskier stock. There's always a reason when a stock looses 25% of it's value in a week or two. I don't accept MM manipulation theories (common on SI threads). Give me some real reasons. Any takers? Welcoming all replies, Bill Zeman P.S. Have not read this thread. No time yet.

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