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Gold/Mining/Energy : Parkcrest Explorations Ltd. - Discovery 4,116 BPD
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To: willywants who wrote (3)6/18/1997 11:17:00 PM
From: Ed Ajootian   of 94
 
David,

Quite an amazing day, considering no formal news. Was there any "informal"
news that you wish (& are able) to share with us?

This kind of a run with the stock price is incontrovertible proof to
me that the financing rollback is over and we can now go back to having
the stock price naturally track the company fundamentals. This is the
best time to get into a Canadian junior resource stock IMO.

Why I didn't go in on the financing I'll never know. I would have been
sitting pretty right around now, with double the action!

The money you are raising (have raised) seems a bit on the low side
given the aggressive development schedule for the Alcavaran Contract.
Looks like you will just about have enough $$ for your share of the
two Palo Blanco development wells and the pipeline extension to Palo
Blanco. How are you going to get the money for the Antejeos exploratory
well? The warrants don't expire for a year so unless you have a trigger
provision they won't help (given that the Antejeos will be drilled this
winter).

Will be interesting to see how far this baby will go before the rest of
the world "discovers" PKC. Maybe next month or so when the hype heats up and
the ads start running in the O&G Journal and the stock price is up to
C$1.50, someone will post here and say "hey, tell me something about
this Canadian wonder stock, will ya?"
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