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Gold/Mining/Energy : Namibian Minerals Corporation -- Ignore unavailable to you. Want to Upgrade?

To: Chuca Marsh who wrote (60)	7/14/1999 11:26:00 AM
From: Douglas Freeman	Read Replies (1) \| Respond to of 124

What's new lately, seems like sell on the news is the theme lately. No surprise though, happened last Q for NMCOF before we trended higher. Here's my outlook. Part of the selling may be due to the one month shutdowns coming up. Higher diamond prices will help, as well as the recent investment, but results will definitely be lower as they head into winter there. My thought is maybe 8 cents for each of the next 2 Q's. That gives us a full year of .44. The company is consistently beating expectations though, and the new vessel comes on line early next year. I don't see any reason why this can't sell at .44 x 15 or about 6 5/8 by next January. Good shot at 60 or 70 cents next year. In the meantime, comparison of .14 vs .01 will look good in the papers, & a trailing eps of .34 should get us well over 4 once we get through this consolidation. If NMCOF could get some publicity we'd be 6 in a week, but for the time being it looks like slow & steady. ID