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Gold/Mining/Energy : American Eco (ECGOF, ECX on Toronto exchange)
ECX 1.665-7.5%Dec 22 3:59 PM EST

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To: Yike who wrote (463)9/4/1997 3:12:00 PM
From: MARK BARGER   of 2841
 
The market gave one big yawn to the refinancing deal! I would have
thought that qualifying for a $65 million credit line with one of the
world's largest banks would be a huge plus for a small cap growth stock like Eco.
The stock has kind of wondered for the last 3 days on mild
volume, no real direction, down 1/8 at 3:00 pm today. Sure would feel
better if this stock would base in the 10 1/2 range and we could stay
in double digits; put us on some more radar screens. Oh well,
have patience.
I guess earnings don't come out for another 5-6 weeks. Any ventures as to what they may be. I haven't talked to Cindy in IR
lately. Hope all is going as planned. Go Eco!!

Mark Barger
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