MTEI - Mountain Energy - No BASHING Allowed Message Board

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

MTEI 0.00430

+79.2%

Dec 17 1:29 PM EST

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To: justaninvestor who wrote (3399)	6/24/1998 4:32:00 PM
From: Let the Big Dog Eat	Read Replies (1) of 11684

I would also like to add to DW and bbruin's comments. In the short run (< 3 months), MTEI is a strong asset play. Assuming very positive Stagg reports, the stock at the current price is trading at a deep discount. The market cap. today is only $32 million compared potential asset value of $200 million +. To the extent, the stock reflects this asset value (though will still likely trade at a discount to asset value, but a much more reasonable discount), we are looking at a nice gain. So the risk in MTEI for now is the Stagg report...good or bad?? My 2 cents is that I like the fact that MTEI chose a highly reputable firm in the industry. It gives MTEI credibility and for me, to some extent, confidence in a good report. If MTEI wanted to scam investors, they could have chosen a less reputable firm that MTEI could pursuade in inflating its estimates of the reserves. Stagg would not pad estimates and risk its reputation. Thus, i expect that MTEI wanted Stagg to do the analysis, so that the investment community, lenders, potential targets/merger partners would have no doubt as to what MTEI has.

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