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Gold/Mining/Energy : Hegco Canada Inc.
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To: Gerald Atwater who wrote (2274)4/10/2001 10:56:13 PM
From: READE SMITH  Read Replies (1) of 2316
 
No one can "promote" Hegco.

Nothing except production and earnings is going to "promote" Hegco.
A vision without action is an empty promise.
Hegco has used up all it's empty promises. So has Doug.

Doug learned that a Junior O&G needs more than speculative reserves to get respect and the street's attention.
Doug learned that you can't play with everyone's future by rolling the dice at the El Grande Casino.

If he comes back (yes he's interested) he'd better leave his hyperbole and hubris behind. Hegco spiked to ridiculously overbought levels because Doug oversold it. We continue to pay a price today as Hegco remains (ridiculously) underbought.

So all that counts now is meeting our fiscal year-end target of $.17 eps this summer. Brian and the boys inherited a mess..but are on track to meet this goal.

When they do, we can add an upgraded and updated website and a slick presentation to analysts. We can hit up our creditors for a few million to speed up the process of new drills, tie-ins and reinvestment... we can increase the pace of new production. We can hit investors with successive media releases as we pick up steam. This is professional marketing of a good product.

If Doug knows the difference between marketing a solid story and selling a messianic vision...then we'd all be wise to welcome him back.
Doug will have to re-earn his credibility...just like Hegco is beginning to do.
Exceptional reserves, an experienced engineering team, a conservative risk/reward development plan, steady growth and a little "spin"....sounds like a great combination to me.

(Doug..if you read this and got pissed off..we don't need you. If you know yourself well enough to accept this...then c'mon back).
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