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Gold/Mining/Energy : Ontex Resources (ONT Alberta) -- Ignore unavailable to you. Want to Upgrade?

To: Gemini who wrote (370)	8/5/1999 5:13:00 PM
From: Biff	Respond to of 519

I hope some news is released shortly. It has been some time since the last drill reults were released. Give us five excellent holes and we are back to a buck!!!! The sellers have vanished, and the stock has creeped up to 70 cents. There is really no volume to speak of, but at least nobody is hammering the bids which make me feel a little better. Now that the price has stabilized and the panic selling has passed, time to go bottom fishing in the internet sector. ONT escaped the beating the high techs received this week, what a relief!!!

To: Gemini who wrote (370)	8/6/1999 10:19:00 AM
From: mark warburton	Read Replies (1) \| Respond to of 519

I am hearing that activity is a buzz on the properties with the phase 2 drill porgram. I am also keeping an eye on Pipher as it just completely defies logic and rallies onward. The stock is acting very strong and is begginning to represent a nice gain for Ontex shareholders. It nearly adds 9 cents a share in value to Ontex. That property with its very thin float could see an explosion in price if work goes well up there. As for Ontex really thin trading right now. Buyers are piling up around 40-50 cents and sellers are scattered up to 1.25. Seems like the big panic is over in the stock price and it is just drifting towards some type of equlibrium at the moment. Would expect to see some news shortly. Someone got a steal at 44 cents. I guess the other side of the coin on that is someone bailed after the fire was out. Oh well thats how markets go. Mark

To: Gemini who wrote (370)	8/27/1999 5:04:00 PM
From: mark warburton	Read Replies (1) \| Respond to of 519

News should be out early next week on 3 holes from Foxear. Phase 2 has 6 completed holes to date no assays yet available. Drilling on Cherbourg presently. Fortune minerals declined to exercise their warrants at .38 cents. The board of Fortune exercised caution under the present mining situation and concluded that the limited funds in treasury should be held. Fortune has work going on other projects as well as a normal course issuer bid in place for its own common shares. A lach of excess capital to invest at this time as well as the neccesity to have some money in treasury were key components in the decision. Works well for the balance of Ontex shareholders in that the stock was not diluted at a cheap price and should fortune exercise at a later date they will have to pay a minimum of 68 cents. have a great weekend all Mark