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Gold/Mining/Energy : Savanna
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To: Colin who wrote (70)6/30/1998 4:17:00 PM
From: waldo   of 192
 
Hello Colin

Seems to me that SV was trading at .11 just a few weeks ago. It last traded at 7 cents. With the amount of shares outstanding, the capitalization changes by approximately a million dollars every time the stock moves up or down a penny.

I would think that it will take a great deal of volume to penetrate the resistance level at around .12 to .15. That may take a positive report from the engineering consultants, the POG moving back over $300, increased production, or a bedrock drilling program. Preferably all of the above. :>)

Waldo
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