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Gold/Mining/Energy : T.ITE: iTech Capital (TSE) -- Ignore unavailable to you. Want to Upgrade?


To: David Fedorkiw who wrote (2898)12/6/1999 1:42:00 AM
From: keith massey  Read Replies (1) | Respond to of 5053
 
David

It is just my opinion, but the current name of the company, Jordex Resources implies that the company is in the resource sector, not really the sexiest sector right now (sorry Claude <ggg>). Although it might seems crazy, just this resource name alone will stop many potential investors in the company from taking a second at the companies fundamentals. In my experience many companies that go from a resource or boring name to a "high tech." exciting name often get a nice price jump although their fundamentals have changed. I don't pretend to fully understand why this should increase the value of the company but it often does. You many remember all the excitement early this year when The Bridges announced that they were changing their name to Bridges.com.

Management has stated that they already have a new name for the company that better reflects their new business strategy. However it is anyones guess when they will put out this announcement.

Best Regards
KEITH