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Gold/Mining/Energy : Canadian Oil & Gas Companies

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To: Scott Mc who wrote (2052)1/20/1997 12:02:00 AM
From: Kerm Yerman   of 24925
 
Scott / Lateral Vector Resources

Absolutely nothing wrong with your reasoning. LVR is now undervalued and at a point where shares are quite attractive.

As far as China is concerned, whatever they do to establish their presence there is a plus -- as long as our shares are not grossly diluted in value in the process. Hopefully they can work something out at a lesser interest and far less costs.

China potential added a little glitter to the company. Keep in mind that the company is not into exploration, but rather into exploitation and developement. They are highly regarded by other operating companies and will grow production base to a point at which they will step up into exploration.

You have probably read my reaction posting when they announced China deal was put on hold. If not, check back thru the postings-- keying in on company name in the posting title.
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