Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: SliderOnTheBlack who wrote (90969)	5/17/2001 1:41:44 PM
From: ItsAllCyclical	of 95453

Added small 1/2 positions of BGO and ECO today in the juniors category. Will add the other 1/2 if we get XAU 55-56 again. I like the money flows that have been coming into the juniors of late. Both ECO and BGO have shown good volume of late. ECO's credit facility runs out in Aug 2001. I asssume they'll renegociate, but it is speculative. Both have better liquidity (ave daily volume) than most of the speculative juniors. BGO just sold some non-core assets so they have sufficient capitial for 2001. ECO is an NA play at around 100 mil in market cap. Any opinions on either of these? Decided to pass on ASL for now it's an mostly involved in Ghana and it's heavily hedged (I believe). Still like KGC, GLG and DROOY better, but I already own them and they're already running so I'm not going to add to existing positions. Hoping DROOY pulls back to $1 one more time.

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