Champion Resources - CHL.vse Message Board

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Gold/Mining/Energy : Champion Resources - CHL.vse

CHL 27.51

0.0%

Sep 27 5:00 PM EST

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To: T.Bill who wrote (16)	11/8/1998 1:00:00 AM
From: rdww	of 176

one must keep in contact w/ the company to see what is up - allows you to know what they are doing, whether it be raising cash or finding new projects or sidelining the Mexico property for a while. A standard question to ask in conversation is always - how much cash do you have. When they say - not much - that's an opp to see how they are gonna get more.For the cost involved - I think that a PP is the preferred way for most juniors - not a rights offering. I'm underwater - most are. But looking at the b/a - the offers are thin right now - shows offers up to .65 w/ only a few trades. This of course is only show until the stock moves. But there has been little selling of the stock over the past 8 mths - so the shrholder base must be either asleep , stunned or somewhat comfortable with the chances of survival for CHL. I think get locked into a PP - even an AIF - is tricky in this environment. Sure - I missed put on the wts - but I'm as liquid as liquid can be, if there happens to be a sudden change in the markets.

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