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Gold/Mining/Energy : BPI Industries Ltd (BPR-VSE)

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To: Clifford A. Brown who wrote (282)9/21/2000 8:17:58 PM
From: Ed Ajootian  Read Replies (1) of 355
 
Clifford,

They announced a financing today and the stock popped 27% to C$.71. I believe the stock will now consolidate around the $.75 mark for a week or so, until the next announcement.

A good bet would be that the money raised here will be put to use in connection with the buyout of their partner, Mid-Con.

Looking forward to continued action on this one. I'd bought a bunch more of this at $.65 on Friday so I'm pretty well set at this point. May buy more next week if it dips under $.70.
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