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Gold/Mining/Energy : Alta Gold

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To: Bucky Katt who wrote (239)	9/9/1997 6:50:00 PM
From: Texas77	of 749

William, 10% of todays volume was me finishing off my position. I was concerned about the DEIS for Olinghouse and was all I was waiting on to regain my position. IMO the Record of Decision is a formality and we are a green light for ALTA. With Olinghouse I believe we had determined that we should be at least a $6 stock - without any of the other properties or additional proven reserves (which will in all likelyhood be expanded a LOT). If it holds at $2 for a while longer, until I can dump some non producers I'm holding, I will buy some more. I am breaking my rules and holding a larger position than I should in ALTA but I like the risk/reward scenario. I expect we will also have to get the union appeals out of the way and I think copper flat is a sell - but all I was waiting on is Olinghouse and I think it is very high probability now. Even at current prices and lower ALTA is a big go. IMHO!! ALTA is super conservative with their news releases so they must be very excited - and so am I. We may be a take over target now - but I'm sure it would be at a nice price. Dave

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