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Gold/Mining/Energy : Canadian Microcaps
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To: diddlysquatz who wrote (613)11/28/2006 8:22:45 PM
From: Ed Ajootian  Read Replies (1) of 817
 
diddly, ILI -- great to find another ILI fan! Are you still in the stock?

Here's a copy of a post I've made about ILI on a couple of other boards here at SI:

ILI Technologies (ILI.V) -- This tiny Canadian oil service company has latched onto a great product and has huge potential. They have marketing and distribution rights to Thermoflex tubing, which is an alternative to conventional steel tubing used in oil & gas wells. There is a shortage of steel tubing these days, and thus the price of that has gone through the roof. Plus, this pipe withstands corrosion a lot better than conventional steel tubing.

ILI just announced 3Q earnings of $.02/share FD, and factoring in their guidance for 4Q revenues of > $2.5M they should easily make a nickel a share for 4Q. Most of the growth is coming from large new contracts for Thermoflex, the most recent of which was with Pemex, the national oil company of Mexico. I firmly believe these large-sized contracts will be sustainable into the foreseeable future, due to the factors mentioned above.

There are a bunch of warrants out at $.60, which can get called if the stock closes at or above $.75 for 20 straight days. For this reason, I believe there should be plenty of stock coming onto the market now that the stock price has breached the $.75 mark. So this should provide plenty of liquidity for someone that wants to start building a position.
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