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Gold/Mining/Energy : PEL - Purcell Energy
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To: Richard Saunders who wrote (68)4/25/1999 8:35:00 AM
From: Enigma  Read Replies (1) of 165
 
Also GWX-TSE - they are doing a 1:10 rollback at the AGM in a few weeks - to approx 13 million shares fully diluted and this seems to be already factored into the price - so that post roll back we should have a stock around the $1.80/$2.00 range with current cash flow around 70 cents/share - post rollback too. Some of recent weakness can be attributed to financial condition of the parent Abraxas. dd
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