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Gold/Mining/Energy : CURLEW LAKE RESOURCES (CWQ-VSE)
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To: Dale Schwartzenhauer who started this subject2/7/2002 1:42:55 AM
From: GerPol  Read Replies (1) of 701
 
Copied from HARDCASE on RB by GerPol.

By: Kitco_HARDCASE $$
05 Feb 2002, 10:23 AM EST Msg. 6574 of 6598
(This msg. is a reply to 6573 by rustynail.)
rustynail

Re: "Kitko,I figure with Turner Valley and EKHO both on the near horizon CWQ is beginning to show some anticipation."

I hope so, but with the lack of publicity (other than me and you harping about them) I can't see why anyone would even know of CWQ much less rush out and buy it. (;-)

To me, the important thing is that CWQ has very little debt (even less than TRIL I believe) and still has only 35 mil shares or so out at this time -- giving them the ability to raise money if they have to. They can stay around even if EKHO or Turner Valley takes much longer than we expect, and could start making enough money to pay all overhead by the end of this year from other projects, even if Turner Valley doesn't come in "BIG" by then. In response to an email query they sent me the statement below:

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"Cash flow has started from two wells in the Turner Valley area, and we expect to be receiving income from four more TV wells in the next few months. Depending on timing and actual production income, which is dependent on stabilized flow rates, we hope to be able to finance future projects internally." (From IR at CWQ)
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When TRIL can say something like that about their cash flow, I believe their stock would really fly.......

CWQ's quarterly report should oughta be interesting......
------------------------------------------------------------

Thanks again HARDCASE for this info!

Respectfully,
Gerry
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