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Gold/Mining/Energy : Indo-Pacific Energy Ltd. (INDX)
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To: John Sanz who wrote (632)1/26/1998 8:47:00 PM
From: Donald Lickman  Read Replies (1) of 866
 
Good insight John. I made nothing but money trading this stock in 1996 but got caught buying early in a downward trend in 1997.

Although I am disappointed that the share price has dwindled down from the time I began buying I do think this company has good long term potential.

I believe the major reason for the drop in 1997 was due to the fact INDX couldn't get a drill rig and investors lost interest from lack of drilling action. Let's face it, seismic programs alone won't get the market excited. Reading between the lines on corporate communications INDX has made significant headway on securing rigs. An extensive drill program appears imminent.

INDX has numerous big-targets in new frontiers and money to drill them. IMO the market could trade above the 1997 high of $6.50 if the drill program is continuous. If they hit, the sky's the limit.

Dreaming with my calculator!
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