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Gold/Mining/Energy : Fantom Technologies (TSE:FTM)

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To: M. Charles Swope who wrote (38)	5/30/1999 10:51:00 AM
From: M. Charles Swope	of 55

Is anyone else following Fantom? They just released 3rd Quarter results and they are in line with expectations. Net income is up 39% with revenue up 26% over the prior year's results. For the 9 month period the results are even better with net up 51% and revenue up 45%. I'm not familiar with the seasonal pattern to this company but I hope the fact that 3rd quarter results, good though they may be, are not as good as the 9 month results doesn't indicate a slowing of growth. This still looks like a relatively unknown company in a real growth spurt. Lack of liquidity is a problem but the company has good fundamentals and is growing with new products on the way.

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