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Gold/Mining/Energy : CELTIC MINERALS LTD A COMPANY TO WATCH SHORT AND LONG TERM
CME 265.26+0.9%11:34 AM EDT

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To: Jimsy who wrote (731)7/14/2000 8:39:22 AM
From: Gil Kempenich   of 744
 
In the absence of any other activity by the company or its partners in drilling, perhaps this is about the best we can hope for at this point.

I am concerned that the company is not doing anything in the field, but apparently just waiting for neighbors to get a good hit. After all, Celtic prides itself on the quality of its holdings but will likely not derive nearly the benefits if more and more "partners" become involved.

I realize there is a question of funding.. but is this really the best route at this point?
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