Major drilling TSE-MDI Message Board

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Gold/Mining/Energy : Major drilling TSE-MDI

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To: wayne nikituk who wrote (13)	11/18/1997 1:20:00 AM
From: Yu Weifeng	Read Replies (1) of 71

Hi all MDI investors! Today I talked to James Gibson, the company's IR guy. He said the company's fundamentals certainly haven't changed and their drilling activities haven't been adversely affected by the recent weakness in the gold price. He said that the current low stock price is a buying opprtunity for any investors. I asked him about their currency risk in Latin American(specially the recent currency de-valuation in Brazil). Apparently there is not much, if at all, currency risk for the comapny because thier clients are billed almost all in the US $! Way to go! As far as future plans are concerned, the company is actively looking for attractive acquisition targets as they have done in the past. All in all, I am very optimistic about the company's future earnings. Don't forget that the recent acquisitions made over the summer will have a big positive effect on EPS for the quarter ended on Oct. 31. The stock should be trading at about $40 by the end of the next quarter if it's given a multiple of 18. Happy investing! Weifeng

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