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Gold/Mining/Energy : Alta Gold

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To: Texas77 who wrote (185)	7/9/1997 10:09:00 AM
From: Francois H. Gaston	of 749

I guess you meant 1 13/16 and not 2 13/16.... because at 2 13/16 I hope that I will have loaded up by then. Well, this AM showed a nice visit to below $2 with very brisk volume: GREAT!. Future will tell whether that was a temporary visit or whether we will spend some days/weeks/months in the high ones. ALTA P/E is now close to DOW Jones average: rare for goldstocks in the US (however common for the S.A. goldmines). We will see whether ALTA will be able to survive if the gold bullion continues its drop or if it stagnates a while in the low 300. Consolidation could be expected if this situation lasts.... will ALTA be for sale? Will they have enough cash to make it in the short term? Good luck FHG

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