American Eco (ECGOF, ECX on Toronto exchange) Message Board

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Gold/Mining/Energy : American Eco (ECGOF, ECX on Toronto exchange)

ECX 1.800

+6.5%

3:59 PM EST

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To: david james who wrote (2492)	5/29/1998 12:53:00 PM
From: Hawkmoon	Read Replies (1) of 2841

Thanks David!!! I kinda figured that the pipeline contract wouldn't commence until this summer due to weather considerations. What we should see is a fast and furious effort to complete construction over the next two quarters before winter sets in again. What that signifies to me is that we should see considerable revenues coming to bear on ECGOF's bottom line during this part of the year. I must have missed the news/rumours on Pictou. Do you have any references you can provide in order to assess their contribution/effect on ECGOF's bottom line?? Overall, this stock is tremendously undervalued relative to its growth and earnings performance regardless of past disappointments. Even if growth were to fall from the 29% level of last year, there is no way that folks can't say this stock isn't worth at least $15/share. With the recent bond offering, I fully expect that we may see the stock go through that target this year, especially as it is now complying to US GAAP regulations. Regards, Ron

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