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Gold/Mining/Energy : American Eco (ECGOF, ECX on Toronto exchange)
ECX 1.705-5.3%3:31 PM EST

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To: Michael Anthony who wrote (2227)3/24/1998 11:23:00 AM
From: Peter H. Mack   of 2841
 
Michael..
I guess that both of us see some relief now that the trading seems to be favorable..You had me worried last night because your logic was entirely plausible.

You were concerned that if ECO couldn't get financing, the street would turn off. On the other hand, if ECO initiated the shut down and not the lenders, then maybe things don't look as bleak.

You are very right about ECO's need to raise value.. I hope that McGinnis's roadshow might work well. He does need to raise credibility badly. Point... Fidelity funds (quite a few of them in fact) have better appreciation than this has shown.

regards
pete
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