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Gold/Mining/Energy : CAVELL ENERGY CORP { KVL TSE }
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To: Scott Mc who wrote (167)1/15/2002 6:35:58 PM
From: Braincramp  Read Replies (1) of 190
 
Cavell has come to a cross road. It now has good production however because of this the reserve base has gone from 14 to seven years. The market IMHO whats to know what direction management is going to take in order to continue growth. I will be basing my investment strategy on what management has to say about this subject. If Cavell replaces reserves at a rate of 1.5 to 1 I will continue to hold, if it can replace reserves at a ratio 2 to 1 I will buy more, as this will allow the co to continue to grow. However if that number is not to my liking I will sell as the Co will have stagnated. Lets hope that management can continue to make the right moves and we continue to grow our investments.

Good luck
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