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Gold/Mining/Energy : Hegco Canada Inc. -- Ignore unavailable to you. Want to Upgrade?


To: READE SMITH who wrote (2123)2/28/2000 5:44:00 PM
From: okey  Read Replies (1) | Respond to of 2316
 
READE - are you a feching lunatic? This is what you said to me...

<<Okie where the Hell are you? still not too late to join our little contest...Hegco has not opened up yet. Going to wait until today's trading begins/ends in the hope that all this is fluff? and you can say I told you so?..may not work this time. C'mon be a man..give us the full monty.>>

I told you where the hell I was. I trade on what value I can see with my own eyes. Your contest predictions were laughable!! HEG's reserves are QUESTIONABLE!!!! HEG's production is a joke, and they tried to DUPE the public by reporting inconsistent production numbers. The management is incapable of exploiting any reserves they may have because of incompetence. Thus a joint endeavor.

But, this deal only gives you shareholders the ability to get some production realized but at a price!

Now, back to values. 49 million sh's out at $1.00 is a market cap of a junior producer. Which HEG is not EVEN a junior producer yet.

Renata has a $54 million M/C and produces 4,200 BOE/d with new sizable discoveries made recently. Elk Point has a $87 million M/C with almost 5,000 BOE/d and involved in two high impact plays that will prove out.

So what makes you think that HEG is worth $1.75 today?

I think YOU have given everybody the full monty!!!



To: READE SMITH who wrote (2123)2/28/2000 5:52:00 PM
From: okey  Respond to of 2316
 
Another thing you didn't calculate, is the millions of sh's that will use any liquidity to get out, as there has been NO liquidity for over a year.

Any volume on this stock will be met with selling.

By the way READE, it wasn't a vacation, it was a business trip. Got in late to the office and I'm PISSED that i couldn't get in there ahead of Dundee at $1.50