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Gold/Mining/Energy : Magin Energy-MGY on TSE -- Ignore unavailable to you. Want to Upgrade?

To: TheBare who wrote (27)	4/10/2000 9:08:00 PM
From: Jidamo	Read Replies (1) \| Respond to of 92

I think I bought yours. I paid $2.40 It lagged for a while but I think we will see most of the oil gas stock make some gains in near future. A few more Ulster, Ranger and Northrock deals and more interest develops. I have a number of Junior oil and gas and no plans to sell any for now because oil and gas stocks could get hot again. John

To: TheBare who wrote (27)	4/12/2000 8:45:00 AM
From: kingfisher	Respond to of 92

In addition to the fine response provided by John McGrath I would like to add that Magin is projecting cash flow of $1.25 per share based on average oil prices of $20 and gas prices of $2.75 for fiscal 2000. Those price assumptions have and will be blown out of the water as most analysis have raised their average prices by at least 20% above what Magin is expecting. At $2.75 per share Magin is still dirt cheap and a genuine take over prospect with Net Assets exceeding $5 per share. Look for large block trades for signs that a deal is in the works. Richard