AAS-V , "Remember The ALAMOS!!!!!!!!!" Message Board

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Gold/Mining/Energy : AAS-V , "Remember The ALAMOS!!!!!!!!!"

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To: Ed Pakstas who wrote (222)	6/7/1998 8:27:00 PM
From: Mr Metals	Read Replies (1) of 307

Vancouver Stock Exchange - Kaiser in a funk over market's prospects Vancouver Stock Exchange VSE Shares issued 0 1899-12-30 close $0 Friday Jun 5 1998 John Kaiser, writing in his June 3 Bottom-Fish Tracker, offers a gloomy view on the outlook for junior resource companies. Mr. Kaiser says liquidity has evaporated and the market may soon witness a panic rush for the exits by bottom fishers who have stayed in the game in anticipation of a rebound following the Bre-X disaster of May 1997. Things are so bad that even though he regards this year's bottom-fish list as his best ever, "we are about to witness a low tide of the sort not seen in decades." Even though he made most of his recent recommendations late last year, when the market appeared to have hit bottom, Mr. Kaiser has a feeling things may get worse before they get better. He compares the current market to buying at a fire sale only to find out everything will be marked down another 50 per cent for a going-out-of-business sale. The Vancouver Stock Exchange index closed Friday at 581, near its low this year of 574, against the tide of new highs experienced by most major markets. On the bright side, Mr. Kaiser believes metals prices will rebound -- "sharper and sooner than one would expect given the rather negative current outlook for the global economy." (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com MM

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