GENTRY RESOURCES LTD. (GNY.B - TSE) Message Board

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Gold/Mining/Energy : GENTRY RESOURCES LTD. (GNY.B - TSE)

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To: Herb Duncan who wrote (540)	8/29/2000 11:29:38 AM
From: Len Hynes	Read Replies (1) of 601

Hi Herb; Crazy isn't it!!!! Here is a solid producing junior O & G company trading less than 3 times annualized cash flow in comparison to junior technology trading at alarming P/E multiples, or worse still with no prospect of earnings in sight.Goes to show that many investors are willing to gamble their money rather than invest it safely. Gentry's latest results are exceptional and with continuing high O & G prices, we can expect even better numbers in the remaining half of the current year. Once we see investors flocking into the energy sector, things will change dramatically for Gentry's share price.We have a solid base in the high 60 cent range to spring from. At the historical industry norm of ~ 7 times cash flow, we could easily see Gentry trading in the $1.75 range soon. I am willing to wait it out, especially knowing that my investment is safe. All the best! Len

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