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

To: Check who wrote (3599)	7/21/1999 9:51:00 PM
From: Steelguy	Read Replies (1) \| Respond to of 15703

>>I thought you were out of that KOL game by now?! Check it out but don't wait too long.<< oh you crazy guys and your resource plays ! OK.....let's just PRETEND that I own KOB shares....ok..??? let's pretend..... Now...here is my take on the action and the news release. Based on what the many knowledgeable people on this thread have said....we are very close to " paydirt " now....and it seemed just a matter of time before these stocks started another run. I have to say that the rights offering at .90 for KOB for Ontario residents was very sweet ( not that I had any of course )..... The bottom line seems to be that we have been in a huge game of chicken these past couple of months waiting for this time. Nobody wanted to step up to play with ELH again until there was a need to be in the game....and many I am sure were waiting for the " market " to tip their hand into jumping in again......Well.....that certainly seemed to happen today.....I was following the volume and the trading very closely today and you could just " feel " that the rally had begun early on......it retraced quickly back but then showed some real strength plowing through 1.50...... Now in this game of chicken it seems that many do not want to be left out of the party...but don't want to be the first there... well the party has begun it seems... This will be the first time in awhile that I think a " forced " news release with the answer of " no real material change " will be greeted with more buying the next day by the market.......we know now what their plan is for time and who knows the exact date of really getting flow estimates..?? do you want to miss it???? so, people are now jumping in a big way and are ready to wait 2 weeks for the payoff in my opinion. I bet we get close to $2.00 tomorrow with some nice opportunities to trade .20 cent swings...... once again...the above is only my interpretation of the events IF I were a shareholder......but we all know that I am not. :o)))) sg