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

To: Salt'n'Peppa who wrote (10237)	4/12/2000 12:36:00 AM
From: kingfisher	Read Replies (2) \| Respond to of 15703

"At $4.15 and a n.a.v.of $5.90 ELK has very little if any premium built into its share price for ELH at the moment". Glad I am not the only one that has noticed this discrepancy.What an opportunity. Not only are shareholders very interested in news from ELH.I can with total confidence and without speculating state that a few American senior producers are very interested in what is happening at ELH. ELK is especially vulnerable . This potential asset in California could easily be stolen from them at this stage of development.Why would a potential acquisitor wait for results when they can with confidence grab ELK at $6 and get the California prospect for NOTHING. Can you also imagine the uproar in California if these small Canadian companies prove out and control a $5 billion discovery? What I mean is U.S. regulators are all in a tiff because Canadian National wants to merge with a U.S railway. I can just imagine how they would feel about such a resource being controlled by Canadians. Its bad enough now that they think Opec has them over a barrel at times. Still a way to go to prove this resource but it should get very interesting within a couple of months. Richard