I hope to see a little bit of a run this week because the new release is due soon as well. The quarterly financials are also due out on May 30th.
Here is some news that I received from Canada StockALERT
Subject:
** Canada StockALERT **
Date:
Tue, 20 May 1997 20:45:29 -0600
From:
stockmaster@grill.sk.ca (Danny Deadlock)
To:
stockmaster@grill.sk.ca
VERY POSITIVE DEVELOPMENTS ON 4 OF OUR CORE EQUITIES - GXR/AMS/NNS/TJV
======================================================================
Goldtex Resources (GXR:ASE $1.45)
Our trip to Kelowna went exceptionally well and not only are we more
positive than ever on the future of Goldtex, but we discovered that the
famous Chuck Fipke has a rather unique taste in vehicles - a Purple Hummer
! We are working on a more comprehensive report but must wait until a news
release is issued this week with respect to results from Yemen. While we
cannot state at this time what the release will contain we can mention that
last night Fipke and a couple of the Goldtex founders left for Yemen to
negotiate what may very likely be mining contracts.
In light of all the mining scandals which have arisen lately, we are also
now extremely confident in the abilities of Mr. Fipke. His CF Mineral
Research Lab which utilizes Neutron activation analysis (NAA) appears to be
one of the most advanced analysis labs of its kind. With final analysis
done by McMaster University and Fipke's apprehension to issue any releases
(regardless of the wait for investors) until he is confident in their
validity, we feel the interests of the shareholders are extremely well
protected.
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Adamas Resources (AMS:VSE $0.37)
After months of waiting the Nevada acquisition was finalized today ! The
company can now get on with the exploration program and marketing/promotion
campaign. While many may not recognize the significance of this acquisition,
we feel it presents tremendous value for this junior company. The company
now has a 100% interest in a property hosting (proven/probable) 213,379 oz
gold
and 1.6 million oz. silver. Doppler and Chakrabarti firmly believe this
property has the potential to host 1-2 million oz. gold. The property has
had millions of dollars in exploration spent on it but at this stage was
too small for the majors that left it behind years ago.
While the current proven/probable reserves have a gross metal value of over
$100 million we must discount it for operating costs, etc. Industry
standard usually places $25 U.S per proven/probable oz. of gold so
realistically the Nevada property should give Adamas an approx. value of
$1/share
213,000 oz gold X $25 U.S/oz X 1.35% exchange = $7,188,750 / 7 million shares
(excluding the silver and other property potential in Africa / California)
For those with the patience to see things through to the
exploration/drilling stage and see what else Doppler brings to the table,
we feel Adamas presents tremendous value in a junior gold exploration company.
------------------------------------------------------------------------------
Net Nanny Software (VSE:NNS $0.68 cdn + Nasdaq OTC : NNSWF)
Something we only recently discovered was that Net Nanny trades on Nasdaq !
We realize the company are not overly aggressive promoters but this was an
oversite that we wish they would have informed us about some time ago.
Another excellent news release out after the market closed today - it should
be available at the website <http://www.netnanny.com> The company
continues to
secure some tremendous distribution agreements in what we feel has the
potential to be a very lucrative software niche. Today one of North
America's computer retail giants, Computer City, signed Net Nanny as a new
software vendor. Over the next three months Net Nanny will be stocked in
Computer City outlets throughout the U.S. and Canada. Computer city is a
key retail account on every vendor's list.
The company has also signed an agreement with Release Software Corporation
of Menlo Park, California, to electronically distribute Net Nanny software
through its Internet software stores and properties. Release is an original
industry leader in electronic commerce solutions and software encryption
and unlocking tools.
------------------------------------------------------------------------------
Trojan Ventures (TJV:VSE $0.35)
This "play on the orient" is beginning to draw more and more interest from
us as we continue to hear some excellent things about this company. At this
stage we have heard of the very strong possibility that some powerful U.S.
brokers may soon begin to accumulate stock. Last time we mentioned the
revenue potential the advertising agency and restaurants would offer in
addition to the schools. What we overlooked was some tremendous revenue
that is going to be generated from some huge summer training programs at
the school. Another very good strength for the company is the underlying
real estate value of the schools. The main campus is a state of the art
330,000 sq.ft building with residence and the second campus in downtown
Ronqi is over 40,000 sq.ft. The 17 acres of land that the schools sit on
has appreciated approx. 300% over the
past 3 years and as we all know, China is not exactly known for its poor
real estate market.
The possibility of several more Chinese business acquisitions in the near
future remains very real.
----------------------------------------------------------------------------
---
Danny Deadlock
Editor - Canada StockALERT
DISCLAIMER: <http://www.grill.sk.ca/stockalert>
The principals involved with Canada StockALERT have established strong
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and investment liaisons throughout North America over the years with
particular emphasis on the resource industry where we are directly
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employed by the corporations we comment on, nor are we security brokers. We
act solely as an informative source. Equity coverage is for INFORMATIONAL
purposes ONLY and may not be construed as a buy or sell recommendation.
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