Westfort Energy Ltd. (WT-T) Message Board

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Gold/Mining/Energy : Westfort Energy Ltd. (WT-T)

WT 11.83

+1.5%

Dec 12 9:30 AM EST

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To: C who wrote (447)	4/27/1998 2:12:00 AM
From: bill	Read Replies (1) of 1288

Yes, the float may be relatively small. That would explain the price action. There may be a small pool of available shares that are being traded over and over while big investors are simply sitting on their shares waiting for results. There still has been no distribution and no refinancing. When WT goes over five dollars, I would think that would be a good time to do a financing. The rule is finance when you can,not when you need to. If the stock then continues to climb in the face of a small dilution then they should finance again. The higher the price, the fewer shares need to be created for more money. Fill up the treasury. It's going to be an interesting play right to the end.

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