Echo Bay Mines, anyone (anyone) ((anyone))? Message Board

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Gold/Mining/Energy : Echo Bay Mines, anyone (anyone) ((anyone))?

ECO 33.52

-0.1%

Nov 7 9:30 AM EST

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To: Scripts who wrote (18)	1/15/1997 9:12:00 PM
From: Michael Markham	of 300

I am new to this thread but not new to the stock. Its a good company and lots of potential. I will stick around and if I find something interesting to post I will. Regards, MAM EVEREN Securities revised its estimates on ECHO BAY MINES to a loss of $0.38 from a loss of $0.51 for 1997, to a loss of $0.28 from a loss of $0.41 for 1998 and to a profit of $0.04 from a loss of $0.10 for 1999. EVEREN said it acted on the company's announcementit was planning to bring two new mines into production by year-end 1998. Echo Bay also said it plans to discontinue common stock dividends. EVEREN said this was "a move we view favorable given that the company is entering a period of intense development and capital expenditure." (Reuters 01:18 PM ET 01/15/97)

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