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Gold/Mining/Energy : Fenway Resources Ltd. (FWY@V)
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To: derleo who wrote (99)6/27/1997 4:05:00 AM
From: Crusader   of 135
 
Derleo:

You should read the Financial Times Wed. 25. June 1997 article about cement in the Philippines:

ING Baring forecasts the country's cement output (with Fenway's plans) will more than double by 2000, with demand growing only 56%. It predicts 300,000 tonnes oversupply by 1998, and 1.5 million tonnes by 1999.

"The country is facing an oversupply and prices are not sustainable" says Mr. Colbert Nocom, head of research at ING in Manila.

So much about Fenway's continued misrepresentation of dire shortages and the need by Stretegic to get cement.

If anyone is to be blamed for shareholder's losses, it is the management of Fenway for over promoting and misrepresenting the facts.

Eventually reality comes home, so stop complaining and making false accusations about the people at Palawan Sun.

Crusader
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