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Gold/Mining/Energy : Candela Resources Ltd. (CDD-V)
NCL 0.194-13.0%Dec 30 3:59 PM EST

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To: Robert Dydo who wrote (7)11/23/1997 1:37:00 PM
From: Veteran98  Read Replies (1) of 12
 
Doesn't look good for CDD. The company is in the hole financially after not coming up with anything on the Benin play. Unless insiders still hold a signifcant equity stake (which I doubt) it looks CDD is destined to be cleaned up and rolled back. The group who is behind CDD hasn't been very successful lately so I doubt they will be able to get anything going with the company under it's present structure.

Harry
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