CURLEW LAKE RESOURCES (CWQ-VSE) Message Board

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Gold/Mining/Energy : CURLEW LAKE RESOURCES (CWQ-VSE)

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To: GOGI who wrote (310)	7/21/1998 2:21:00 AM
From: Dale Schwartzenhauer	Read Replies (1) of 701

I got a report just this evening. The meeting was attended by seven people outside of directors and the barrister, which these days is considered a good turnout. There was a new director that replaced one who had been ill recently, and a report from Imperial was presented. The report was very optimistic, and while no specific time frame was mentioned, it was evident that they like the discovery well very much and intend to pursue further development. So it sounds positive as I heard it. Pricewise, I'd look for another test of recent lows as we progress to month-end. If we can hold the $0.08 low on CWQ, then I think we've bottomed and could start a base-building process. In that event, my target will be approximately $0.80, which is 0.381 of the distance travelled from the high of $1.95 to the $0.08 low. I also think the chances are excellent we've completed a contracting triangle which is typically a completion pattern of an extended bull or bear market (in our case). So in my mind, CWQ is a very low risk play in this area. I would be patient as to performance expectations as it could take weeks or months to double from this level. Dale

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