Parkcrest Explorations Ltd. - Discovery 4,116 BPD Message Board

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Gold/Mining/Energy : Parkcrest Explorations Ltd. - Discovery 4,116 BPD

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To: Jeff who wrote (69)	2/8/1998 10:25:00 PM
From: Ed Ajootian	Read Replies (1) of 94

Jeff, This is why I am still haven't traded my huge PKC position for ROH stock even though ROH has a much more appealing valuation. (I have a ton of ROH anyway). They have a very powerful hype machine in place at PKC and it is not surprising to see its results here before any news is actually out. A lot of firms are lining up to write up PKC because they know that PKC needs to raise a ton of money by the end of May to stay in the HEC game and they want to get in on the financing action. Expect to see a slew of analyst reports come out not long after this Estero #3 well is announced. Strain, Titus (TNC), James Capel, etc., etc. I need to clarify an earlier remark of mine on financing. PKC is _not undergoing any financing right now. They filed a prospectus to register shares of the recent prior financings, but any new money will not be raised until after the results of the Canacabare well are known. So you can buy now without the worry of someone shorting the stock to you. Plus it is likely that the financing will be at higher prices than the current, with all the good news about to come out.

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