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Gold/Mining/Energy : CLAIMSTAKER RESOURCES, (VSE:CLN)
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To: Kelly Sheppard who wrote (187)1/11/1999 6:29:00 PM
From: andy  Read Replies (1) of 199
 
Why does it need to have news released to make it rise? It has been so undervalued for so long that eventually it will gather a sufficient following who will gladly gather everything that comes available until it reaches the point where it will be thoroughly reviewed for its fundamental value.

Judging by the prior behaviour of VSE/ASE junior stock analysts, we shouldn't expect that to happen very soon, nor maybe at all. Such analysts, it seems, only act on stocks in which they have a BIG position in cheap stock. But in recent years no brokerage house has 'financed' CLN, so why should any of them mention it? They haven't before. They don't now. Nor will they in the foreseeable future. Its simple to understand: this is not a profit play for vultures.

CLN will have to be content with gradual growth as it quietly continues to gather more value seekers, which I expect it will increasingly do. In the meanwhile I am in no hurry. The process will likely resemble a tiny snowball gathering size as it rolls down a snowy covered slope. It will likely get noticed as it becomes noticeable in size. By that time it could be 8 or 10 dollars, which at the time won't be all that much money given the rate the Canadian dollar is shrinking. When I think of our currency I am reminded of a melting snowball instead.
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