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Gold/Mining/Energy : Alta Gold

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To: Bucky Katt who wrote (140)	5/11/1997 9:32:00 PM
From: virgil vancleave	of 749

the fact that alta is still profitable in a down metals market shows strength. numbers were not exceptional, but better than most people were thinking. also with their money problem looking a little better and the ability now to get griffon into production makes for a good upward potential for alta as it helps their cashflow even more. i think once the ball gets rolling here, we could see a stock price in the teens. especially if they start olinghouse into production. also, from a tech analysis point, did anyone notice the strong uptick in gold, silver, and copper last week? and on strong volume. this could be the start of a longer term trend and a breakfrom the present downtrend in metals. i'll be watching for confirmation and will be waiting to buy more alta above 3: since 3 was/is a very impressive support/resistance area. and if it falls below 2.5, BACK THE TRUCK UP for a ride back up. good luck all

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