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Microcap & Penny Stocks : ALDM - Anyone know anything about this company?
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To: Tradenride who wrote (49)6/3/1998 7:39:00 PM
From: Tod C  Read Replies (4) of 381
 
FYI - The included StockWiz newsletter might answer some questions of why your stock had a significant day today. It went to 36 people. Guess they wanted to pick a low-float company with suspected news.

Have a prosperous day.
Tod

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Subj: Next Pick: ALDM
Date: Tue, 2 Jun 1998 17:13:49 EDT
From: StockWiz10@aol.com

Alpha Diamond Corp. (ALDM)

Current Price: $.25
52 week high: $5.25
52 week low: $ .10
BOOK VALUE: $4.00
Outstanding shares: Approx. 10 million
Float of shares: Approx: 550,000
Contact Info: Rick Brodzick, Pres. 416-244-6373

ALDM currently owns a diamond mine in Guinea. The company is going to start operations on this mine in two weeks. The land contains some of the highest quality gems. After production starts the company is looking to average $1,000,000 a month.

Financing news will be out Friday of this week for the company. Also several other News releases pertaining to the mining site will be released later next week.

We at stockwiz rate ALDM a STRONG BUY.
Short term outlook: (2 - 3 weeks) $1.75 - $2.25
Long term outlook: (1 - 3 Months) $4.50 - $5.50

A full overview of ALDM will be posted on our page shortly. We are strongly reccomending a buy and hold.

members.aol.com
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