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Gold/Mining/Energy : KOB.TO - East Lost Hills & GSJB joint venture -- Ignore unavailable to you. Want to Upgrade?

To: ForYourEyesOnly who wrote (3195)	7/2/1999 10:15:00 AM
From: Bob Walsh	Read Replies (2) \| Respond to of 15703

THC, the downside numbers for KOB that have been talked about here are unsupported by the facts. For 4 months or more prior to the well blowout KOB moved in a price channel of $0.30 to $0.45. I believe that many people did not even know that they had a position in ELH (their web page did not even reference it). Based on pre ELH activity I would suggest that KOB downside is in the $0.30 to $0.40 range. Thus the risk/reward ratio for KOB is far better than has been mentioned here. Regards, Bob