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Gold/Mining/Energy : CARMANAH RESOURCES LTD ( CKM - TSE )
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To: MrsNose who wrote (235)12/21/1998 10:13:00 PM
From: Orwell  Read Replies (2) of 269
 
CKM went down again today. They still have great properties/assets. Was there any news from the fall Venezuala drilling? No reason necessarily why CKM has to go out of business, they still have a big line of credit, and likely areas they can still hunker down and reduce costs. Should be enough to tide them over the low oil prices.

I guess we'll have to wait to next week to see if downdrift is purely tax loss. If all things were equal/normal, anyone selling at these prices is giving it away for nothing. Even with the tax loss, it's almost too late to sell, better to hang on and wait for it to at least double. In the old days CKM could fly around pretty fast and furious, can't see why it couldn't at least double from here.

O.
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