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Microcap & Penny Stocks : MTEI - Mountain Energy - No BASHING Allowed
MTEI 0.004300.0%Jan 8 9:30 AM EST
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To: Graystone who wrote (7912)8/6/1998 10:33:00 AM
From: eric deaver  Read Replies (2) of 11684
 
<<So you think that Arche is just a slow old company that lets hot little MTEI, leading edge coal visionaries, to scoop the real good properties where the coal is worth three or four times as much as everybody else's, at least in the minds of some people. >>

No, I never said that. I did say Archie's coal is predominantly Powder River coal. I also said I will not speculate on the value of the coal beneath MTEI properties until Dunn is finished (oh, then we will be looking at more than coal, too - kind of worries you doesn't it Graystone).

Oh, while were talking, GRRRRAAAAAYYYSSSTTTTOOONNNEEEE, kev dug this nugget out of PETD 10-Q:

"The Company has a bank credit agreement with First National Bank of Chicago, which provides a borrowing base of $10.0 million, subject to
adequate oil and natural gas reserves."

Now how about that - and you know what kev went on to observe that MTEI's bank will likely need proved assets to provide financing (if it is required - notice the word IF). Damn that worthless coal, oil, gas and CBM may benefit this company without ever having to come out of the ground. Kind of ironic isn't it?

Oh you are right about one thing - this is a "waste of time"

Eric
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