$0.50 & UNDER (Short term trades) Message Board

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Gold/Mining/Energy : $0.50 & UNDER (Short term trades)

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To: Ed Pakstas who wrote (686)	2/16/1998 2:13:00 AM
From: trypod	Read Replies (1) of 783

Cobatec Update: The first shipment of feedstock (20+ tons) arrived at the plant and was pre-loaded into the processor.On Friday Feb.6 the system was turned up and production of the refined cobalt compound began.(Note the increase in share price and volume since Feb 6.) I have been doing the Cobatec shuffle,patiently waiting for good quality product since the Co. was called Ego Resouces.I personally feel that a share price of .65 is (was) the level of highest resistance.Seems we have broken through this level now with no news release or obvious reason.I presume things are finally coming together.May be a news release this week or next. I think many interested investors are still on the sidelines waiting for official news containing real numbers with regards to production levels,quality and revenues.It's been a long wait! So hard to type and watch hockey at the same time! IMHO if things progress well share price could be 1.00+ by March.That would be a real good sign that Cobatec has ironed out the kinks in their extraction process,and it's full steam ahead! Thanks for the kudos Ed.Now time to find another for the new contest. Canada wins 4 - 1.Patrick Roy UNBELIEVABLE! Later:Rick

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