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Gold/Mining/Energy : African Metals Corporation(AFR-Cdnx)(was Shiega resources)
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To: Fred Corsiglia who wrote (87)3/27/1998 12:02:00 AM
From: Wats  Read Replies (1) of 151
 
Hi Fred:

Difficult to say where it'll end. You may recall about 1.3 years ago this stock was $1.10 to 1.30 for a number of months on properties-prospects that were not even close to what they are now. I think if the POG continues to strengthen, then SHG should easily match and surpase that price... However, I doubt the POG will go much higher than 320 in the next six months, so it could be a wait yet. On the other hand, if drill results continue to be as good as they have been, then that'll significantly impact the price.

I can see it at 60 pennies (hit 55 today) as the next goal in a week. If it can then hold there for a week or so after that, I think a move to 80 pennies in 1.5 months is not unrealistic. This is all IMHO...and dependant on the POG and future news releases.

Regards,
Wats
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