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Gold/Mining/Energy : Solv Ex (SOLVD)
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To: Gary L Schultz who wrote (3273)6/4/1997 7:31:00 AM
From: norwalk hawk   of 6735
 
Gary- One of the ways Solvex is so different is their plans to mine minerals out of their lease. Yes I know you shorts will say it won't happen, but I feel it will. I have seen the minerals extracted at the New Mexico test plant (yes shorts- I know a full size plant is different than a test plant) and it is a relatively simple process. This is why we put up with some of the dumb moves that John Rendall makes - he is a genius when it comes to technology.
Remember - Solvex has told us all along that the oil is just a minor part of their plans. The oil is only suppose to account for about 15% of their income when we get where we want to be (hopefully by 1999).
I think most of the loyal longs realize that we have to prove our oil technology before we can move on to the other fronts and that is why we are sticking with Solvex thru thick and thin. We feel that they are about to prove themselves and then the momentum will be turned in our favor.
I know looking back I wish I had sold my stock when it hit the $30 level but I got greedy (are any of you shorts feeling a little greedy at this point). I learned a lesson last year. But you know what? If I would have sold my stock I would have bought back in (with all my proceeds) to Solvex. I am sure I would have bought back in before now because I would have never dreamed it would have ever gone to these low levels.
With all the company has going for it (I know you shorts don't see this) I think this is a super buy right now. I truely believe that we will look back in a month or 2 and you guys will be saying "I wish I had bought when it was under $10"

IMO
Mike
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