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Gold/Mining/Energy : Transat A.T. (TRZ/TSE)

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To: Greg Spendjian who wrote (36)9/18/1997 3:08:00 PM
From: Marc Fortier   of 88
 
Greg,

Your message is rather well timed. I was talking with my broker about TRZ in the same time that you were posting it. Anyway, Raymond (it's his name) tolm me that the release of the last quarterly results are scheduled for the 25th of this month. I would like to make a guess, but I'm quite unable to do it with precision. What I hope - and my broker is confident about it - is that the revenues will be up by a good margin. Because of the stock dilution, however, the earnings per share may not be up that much, but a little improvement over last year is not impossible. If these two factors are as I predict, we may well see TRZ going up over $13 in the next few weeks... or days... (providing that the stock market performs well too of course).

Best regards,

Marc
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