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Gold/Mining/Energy : Pacific Wildcat (V.PAW)

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To: Dav!d who wrote (16)10/1/1996 9:03:00 PM
From: Jon Huang   of 47
 
Hi David,

I am still here. I have been busy with the tech stocks lately though. Yes, I noticed the dip in PAW on very very small volume of 6000 shares today. No, it's definitely not insider selling. I belive it's just some impatient investors getting out for whatever the reason.

I also heard about that report coming out during the mid-October. I expect it to be positive if not impressive. At the current price($3.80), I believe the stock is fairly valued consider they only have 800,000 ounce of Gold proven so far. As I understand however, more drilling will certainly help to confirm a larger ore body and more reserve will likely to add on top of the existing ones.

I usually don't hold a stock for so long(4 weeks) but I think PAW has the most potential out of most of the Indonesian stocks at the current moment. Too bad no one is really promoting this stock except you and I but I believe October will be a turning point for PAW.

Still waiting...

Good Luck,

Jon
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