American Eco (ECGOF, ECX on Toronto exchange) Message Board

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Gold/Mining/Energy : American Eco (ECGOF, ECX on Toronto exchange)

ECX 2.010

-5.2%

12:51 PM EST

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To: WhySoSoon who wrote (2749)	11/9/1998 5:36:00 PM
From: Hawkmoon	Read Replies (2) of 2841

IW, The uncertainty is over?? I don't think so. This company just lost some $300+ million in long-term contracts with the cancellation of the Amethyst projects. The rest of the oil sector is cutting whatever costs or non-essential services possible. This company now has some $120 million in bonds outstanding with no visible means of servicing that degree of debt. Have I said enough?? Is someone here able to contradict anything in my admittedly superficial analysis?? Have at it. Very disgusted, (with ECGOF) Ron

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