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Gold/Mining/Energy : Adikann Goldfields ADK (VSE)
ADK 0.9100.0%Oct 2 4:00 PM EDT
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To: Tracy Moore who wrote (805)7/1/1998 7:20:00 PM
From: MiKe   of 826
 
Any updates on these losers?
I came across this from awhile back:

Coffins say sell, too much of nothing going on

Adikann Goldfields Ltd ADKShares issued 20,782,9961998-03-13 close $0.03
Friday Mar 13 1998In the March '98 edition of the Hard Rock Analyst,
Eric and David Coffin update their coverage of Adikann Goldfields Ltd
with a recommendation to sell into volume. Currently $0.04, the Coffins
originally recommended Adikann at $0.62 in their July '96 edition, at
$0.67 in September, $0.85 on February 3 '97, and lastly at $0.35 on
April 9 '97. This month they say however ridiculous it seems to sell
something trading at shell company prices, management is doing
absolutely nothing to help. They say that it could be worth your while
to wait and see if a new management team takes a more proactive approach
to the market. However, they consider it a sell and will no longer
donate the ink to Adikann if it refuses to get it together in the
project department. Rumors of a large roll-back are even more reason to
flee the stock, but you may have to wait for news of a business plan to
provide enough of a lift in the price to get out. (c) Copyright 1998
Canjex Publishing Ltd. canada-stockwatch.com

old url (better for printing)
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