Caye Chapel -- CAYC --- Currently Undervalued Message Board

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Microcap & Penny Stocks : Caye Chapel -- CAYC --- Currently Undervalued

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To: Steve who wrote ()	4/15/1999 2:55:00 PM
From: Jacalyn Deaner	Read Replies (1) of 112

From RB board: By: ALBerta Reply To #83 by crawfordins Wednesday, 14 Apr 1999 at 11:35 PM EDT Post # of 88 I talked to Bill Steubing today and was told that cayc has identified a niche in the mining industry and that is where they intend to focus their marketing. He went on to say that the mining industry often feels betrayed by the main-stream bit makers because every time the oil patch goes hard, they abandon the miners and go after the big bucks in the patch. I know this animosity exists. It is true between the mining/oil&gas/forestry industries virtually world-wide. Each regards the other's suppliers as "fly-by-nighters". Hitting and sticking to an industry isn't a bad idea. Secondly, while the mining industry uses "baby" bits compared to the monsters used in the oil patch, they drill hundreds and thousands of holes. A single blast pattern will require dozens of holes. If they get better mileage and less drilling time from the CAYC bits then there is a market for them. Bill told me they have a $10 million dollar P.O. from Borg-Warner that essentially takes all their production for the next seven months. Moreover, they have a whack of stripper wells in south Texas that for the paltry sum of $75,000 each, they can convert from 2 bbls/day producers to 200 bbl/day with the new bits and horizontal drilling. Separate financing has been arranged for the oil operations so I've been assured there will be no dissolution in the foreseeable future for either the bit manufacturing or drilling of horizontal wells. If all this is true, and a Texan wouldn't lie (except maybe to a mexican), then I suspect that CAYC is a sweet deal. T/A wise: MACD and Momentum look reasonably bullish and more importantly there has been an upward convergence through the moving average, although barely. I'm looking for another move upward away from the M.Av line to confirm the trend. The rest is much like the MOM & MACD, quite bullish. Don't be surprised if this one moves up for the rest of the week. A+ rating to be higher over the next 7 days. Target = $0.15 Regards, AL.

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