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Gold/Mining/Energy : Southern Metals - SUH.V (formerly Aranlee Res. - ARB.V)

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To: Essam Hamza who wrote (70)1/6/1997 12:54:00 PM
From: Rick McDougall   of 254
 
Essam

The account executive at Yorkton was recommended by a friend of a friend. However at that time he was working at Wolverton.
You might be interested to know that there has been a lot of activity in Ultra Petroleum. Canacord has been accumulating heavily over the past few months. The share price has risen substantially. I don't have any shares in the company but it appears to be an interesting story. They have a thread on the SI. Might be interesting to have a look at.

By the way IMHO I think arb is going to be a medium term hold before we see any significant share price movement---6 to 12 months. With a little luck maybe earlier.

Rick
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