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Gold/Mining/Energy : CELTIC MINERALS LTD A COMPANY TO WATCH SHORT AND LONG TERM
CME 273.50-0.6%3:53 PM EST

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To: Peter Bourgeois who wrote (571)8/12/1997 9:05:00 PM
From: Gil Kempenich   of 744
 
I don't agree. I talked to David tonite... yes things are tough in the whole mining sector. With the US market so strong in the blue chips, why would anyone want to look elsewhere? There is money to be had, but David does not want to finance when the stock is so low. This is wise, IMO, and is protective of us investors. There is interest in Celtic and Dave is working on that. With Celtic's superior holdings this is going to be a big winner. Not today, not tomorrow, but I am convinced that we will see the bright light at the end of the tunnel - and it won't be an oncoming train.

It will require patience. But to sell now would indeed be foolish, IMO. Hang in there. We will be handsomely rewarded.

Gil
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