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

To: grayhairs who wrote (4207)	8/23/1999 10:10:00 PM
From: Bearcatbob	Read Replies (1) \| Respond to of 15703

Grayhairs, A couple of days ago I voted for casing and producing. I would like to make the same vote again today. Bob

To: grayhairs who wrote (4207)	8/23/1999 10:43:00 PM
From: Poseidonas	Read Replies (1) \| Respond to of 15703

Grayhairs and Bob: <Maybe the JV just needs to "prove" their ability to produce from the Temblor.> Grayhairs, IMO you hit the nail on the head. This is what the market wants to know. There are a lot of rumors flying around making investors and brokers very nervous (this is what happened today). You wouldn't believe the calls I got from my broker today telling me that word on Bay St. is that "they've pulled out the pipe and the pressures are too high to allow production". I agree with Bob, let's case and produce NOW!!! and put these fears to rest. Let the cash register collect $120,000 US /day from this baby and pay for the rest of the wells. At that point we can take our time and drill to deeper zones with the Berkley well. I think this is the logical and smartest thing to do and the market will also agree IMO!

To: grayhairs who wrote (4207)	8/24/1999 6:38:00 AM
From: STLMD	Read Replies (1) \| Respond to of 15703

Grayhairs... Thank you for this and the other thoughtful posts... It certainly remains difficult to predict the behavior of the market but S&P's description of lemmings certainly fits the bill. PYR has been trading like this for the past three weeks, up at the end of the week, hoping not to miss any news over the weekend, and then down on average 18% on no news during the week and then up again by Friday. Fear, as you mention, certainly played a part in this selloff but it is fascinating if you see the Buy/Sell statistics on HTP(see PYRX thread at Raging Bull), that one house unloaded 358000 shares without one buy. That certainly triggered all others in the JV to jump on board as the lemmings dove into the sea. Watch for more one house sell tactics today if we are absent news, but I somehow doubt it. Having suffered for years at the hands of the market makers here in the US, I adopted a stance of admiration and respect for what a trading house can accomplish, given market psychology and the level of understanding of the average broker and investor, in such a short period of time. Of course, if fundamentals had changed or two to three million shares had traded I too would have been worried about unspoken news. Hell, if KOB had traded 3 million shares, I would have assumed that my broker had sold my stake!!!ggggg. Stephen