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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Archie Meeties who wrote (100690)	5/11/2008 9:40:10 AM
From: Ed Ajootian	Read Replies (1) of 206084

Archimedes, Ram Energy (RAME) -- You're welcome, it should be an interesting week of trading coming up. With all that volume on Friday I have a strong suspicion that some analyst must have initiated coverage, or at least there must have been an upgrade or 2. Otherwise there's no way that much buying would have come in. I guess we find out tomorrow. Breaking this down, if none of the warrants get exercised its trading at 3 X cash flow but is overlevered. If all of the warrants get exercised its trading at 4 x cash flow but is highly (but not overly) levered. They have several very high potential plays going on, geographically dispersed. This remains one of the best buys in the oil patch at this time IMO.

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