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Gold/Mining/Energy : Transglobe Energy Cp

TGA 3.720

0.0%

Oct 14 5:00 PM EST

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To: Beamer who wrote (1368)	5/1/1998 1:02:00 PM
From: Donald Lickman	Read Replies (1) of 2826

Beamer, I'll buy in when I think it's time, I have no set price. I am waiting to see how Ross will fund the company without selling out the stockholders amongst other things. tglef currently has no significant working capital. If they want to play oil company internationally tgl will need to raise some serious capital which means serious dilution. They can't just sit on their hands and pray for exploration success in Yemen. Remember the most likely outcome in exploration is failure. Besides if they hit then they will need mega millions to continue partisipation in the permit. I have read posts claiming that tgl only needs a few MM but that isn't even an anti when dealing internationally.

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