South Pacific Resource (C.SHF) Message Board

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Gold/Mining/Energy : South Pacific Resource (C.SHF)

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To: Tommy Moore who wrote (1957)	5/7/1998 7:10:00 PM
From: keith massey	Read Replies (1) of 1980

This is from the lastest Kaiser report Tuesday, April 28, 1998 HALF EMPTY OR SHATTERED? MISSING PIECES: SOUTH PACIFIC - CONTEMPLATING ROLLBACK It looks like South Pacific Resource Corp (SHF-C: $0.17) is destined to be a bottom-fish dud. Brian Edgar indicates that the company has wound down its Indonesian operations, a process that has reduced South Pacific's treasury to about $2.5 million. South Pacific is now a shell with nearly 20 million shares out that will likely be rolled back 3-4:1 before doing a reverse takeover of a new story. On this assumption I am reducing South Pacific to a sell. In this market most stocks head lower after a rollback.

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