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Gold/Mining/Energy : Adda Resources
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To: Harry who wrote (450)4/15/1999 5:24:00 PM
From: Don Richards  Read Replies (1) of 571
 
Yeah,there may not be any cash involved at all.It was just a question of my own.Reasoning was that
for a few of the jv's to basically give away 80% of their 10% working int.,and another to give away 80%
of a 20% w.i.don't sound right somehow.By that I mean of the different volume of gas they are giving up,should the well be a producer.BWTHDIK.
Another point is the fact that playing these
penny stocks is, of course, hi risk.So i guess a guy shouldn't be too surprised when things collapse
as in my experience it is the rule rather than the
exception by far.So,it leaves a couple options-either bail out for something with a chance
of moving in the near term,or hold on for the long term...i'm pretty confident that in the long term
this play will pay out profitibly...time will tell.

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