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Gold/Mining/Energy : WML Westminster Resources

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To: LaZappa who wrote (79)5/6/1999 9:41:00 AM
From: Poseidonas   of 135
 
Revenue up 130%, cash flow up 214% and earnings up 200%
- all this during the worst year in ages for the Oil & Gas sector.

WML is 100% natural gas based, which is currently riding high and is projected to be over $3.00 USD/mcf by the fall.

So why the hell so the idiots at Canacrap issue a sell order on WML and sold approx. 200,000 shares bringing the stock to all time lows?

The answer:
WML is not diluting its stock but rather it has sold off some of its properties to generate funds required for its participation in California projects. --- unlike some of the other partners!
Because of this Canacrap looses out on making its commissions in issuing new stock - while the other companies in ELH that diluted their stock get buy recommendations. I hope Canacrap's investors that sold WML recently wakeup and realize they've been had.



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