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

To: The Osprey who wrote (5859)	10/18/1999 9:47:00 PM
From: charlie mcgeehan	Respond to of 15703

ray and others i know this is a difficult time for many because we have had no substantive news for a while. think of this please. look at the volumes today. if there was bad news and insiders started selling do you really think the volumes would be so low. wml at 108,000 shares, elk at 122.000 bkp at 270,000. if there was bad news i think it would be fair to say that the volumes would be more like 5 times what you saw today. also if there was bad news there would be volume and severe price downfall in ALL the partners. it was a brutal day in the markets, margin calls and nervous folks. the numbers tell me thats all nothing more. we have seen some good preliminary signs from cc but even if it was a duster elh #1 is just several weeks away from production (likely) and berkeley #1 is about 6-8 weeks away from the temblor sands. worst case scenario in my mind is a longer wait - thats all have a good nights sleep charlie