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Gold/Mining/Energy : Kap Resources (KAR.TO)-give it a little time, 'ey!
KAR 26.60+0.6%Nov 3 3:59 PM EST

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To: marc p. aube who wrote (2)7/22/1998 7:50:00 AM
From: abdias  Read Replies (1) of 38
 
Marc, Great to see that someone finally started a thread on this
company. I bought in about 6 months ago around the $2.00 level, and
was looking to add at $1.20 but never quite made it.

I agree that things appear to have turned around at the Minera Yolanda property, now that the new equipment is in place. The caliche
ore production increased 18% over May, and the waste-to-ore ratio
improved to 5.8:1, from 8.9:1 in May. With the marketing alliance with
Potash, and strong underlying prices for the end product, I really like this stock in the long term.

Seems that much of the selling in recent months have come from one
large position unwinding, and the selling interest seems to now be
slowly disipating. Look for a move above $2.00 again in the next
week or two.
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