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Gold/Mining/Energy : GENTRY RESOURCES LTD. (GNY.B - TSE)
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To: DRT who wrote (516)6/13/2000 11:32:00 AM
From: Len Hynes  Read Replies (2) of 601
 
Hi DRT;
Good to see you again on the board.I agree that some level of expectation had been priced into Stratic's share price vis-a-vis the Egypt deal, along with the fact that institutions were willing to take down an equity issue to support the project.

I am prepared to believe that Mr. Hugh Ross will not be willing to let this deal fully slip away until every avenue has been explored; the amount of time and energy expended by Stratic management on the deal was tremendous.If the properties in the "lost deal" don't resurface at some point in the near future, I am willing to bet that we will see other deals come out of Egypt in the near future.Stratic is focusing an intense effort to procure a deal in this country.

Once the market realizes that, we will see "speculation" once again build into the share price.

I am keeping my fingers crossed.

Len
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