MTEI - Mountain Energy - No BASHING Allowed Message Board

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Microcap & Penny Stocks : MTEI - Mountain Energy - No BASHING Allowed

MTEI 0.00400

-7.0%

Jan 12 2:37 PM EST

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To: BillQ who wrote (2656)	6/21/1998 10:50:00 PM
From: jhild	Read Replies (3) of 11684

jhild constantly brings up the worst in numbers to support his claim the company is virtually worthless. I don't bring up the worst in numbers. If I wanted to make that worse I could have thrown in some additional risk factors. In fact energy resources are down now relative to the closing price of that deal that I referenced that was back in November. Go look at that for yourself. The fact remains that a transaction for 12,000 acres of resources, 23 million tons of recoverable, low sulfur coal, in West Virginia, sold for only $6M. I didn't make that up. in fact I presented a fair analysis of it. Go ahead. Believe what Jack Uselton, an O&G guy, says about coal mining. I don't care. When it comes to defining value, I put my faith in a market transaction between two unrelated parties, before I believe the shine I might get from someone projecting how much something may be worth. (Especially if he owns it and would benefit from me thinking it was worth a lot.) But you are surely free to do what you want.

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