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Gold/Mining/Energy : Petrokazakhstan Inc.

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To: forecaster who wrote (979)4/15/2000 1:33:00 PM
From: FoxyLoxy  Read Replies (3) of 2357
 
forecaster

Sorry I have been absent for so long. I have truly been busy with endeavors that add to my personal wealth - work. I sold my position some time ago, as I felt the market had found a new "comfort zone" at Cdn $4.25. I should have sold higher, but did not. I was happy, I made a good return.

Friday was very reminiscent of Black Monday. I never forgot the lessons learned back then. "When the Rustlers hit the Corral, they take all the cattle."

As for the bonds, it will take some time to pass with steady consistent results before they are upgraded. Remember, they were in default. Bondholders are very different than equity holders. Bondholders look for nothing but downside. Equity holders look for nothing but upside. It may be a couple of years before you see any real improvement in ranking. Bondholder will remember the default for years and years. Expect a high cost of capital for many years. It goes with the territory.

Good luck to everyone.

FoxyLoxy
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