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Microcap & Penny Stocks : NAMX -- North American Expl.-- Que Sera Sera!
NAMX 0.00010000.0%Mar 7 3:00 PM EST

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To: Sidney Reilly who wrote (3903)6/9/1998 8:28:00 PM
From: Sidney Reilly  Read Replies (2) of 4736
 
To: Todd Shipman (who wrote...)
From: Bob Sturgeon
Saturday, Jun 6 1998 7:05PM ET

Todd,
I have also been in a long time and did average down once when I thought it had
bottomed. It hadn't! Now I'm down on that money too (.135). The agreements and the
wells in Nebraska seem to be real. We don't know the value of Nebraska yet and also
there are a lot of shares out there that could be dumped on us. I have been mulling the
same question myself but haven't decided yet that I want to risk more money on it. I
have been watching TA for a buy signal which hasn't happened yet. I just can't answer
the question because I don't know "for sure". I would like to see an engineering report
on the Nebraska wells. I think after something like that and if the results are good we
could see some gains past .12, but will we ever see one? It's been promised before
and not delivered. Maybe a safer investment would be wise until some of the
unanswered questions are answered. You can always get in later, but if it never gets
any better at least you didn't throw away more money.

cya,

Bob

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