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Gold/Mining/Energy : Corriente Resources V.CTQ Junior Exploration Co. -- Ignore unavailable to you. Want to Upgrade?

To: Chris Murley who wrote (1399)	6/9/2000 11:49:00 AM
From: skynight	Read Replies (1) \| Respond to of 1416

Corriente Resources Inc - Bishop says Corriente now a better prospect Corriente Resources Inc CTQ Shares issued 21,492,832 2000-06-02 close $1.2 Monday Jun 5 2000 Robert Bishop, writing in Fax-Alert No. 164 of May 11, has faith in Corriente Resources, saying he expects those buying near the current lows are likely to be rewarded, although not as quickly or as handsomely as buyers two months ago. Mr. Bishop recommended the stock seven times between June, 1994 ($1.36) and September, 1999 (80 cents); the latter was also his lowest-price buy tip on the stock. The highest was $4.35 in October, 1996. He says the market has been discounting a discovery in recent weeks, and the initial results from the Rio Zamora project in southern Ecuador failed to stop the slide. "With the market already factoring a discovery into CTQ's share price, and the news good but not nearly good enough, it was not surprising to see the stock decline in the wake of the news," Mr. Bishop says. The market had factored much higher expectations into CTQ's price and once the momentum of Corriente was reversed, the stock found itself down 63 per cent from recent highs. He says that with the frothy premium off the stock, now is a much better time to buy. (c) Copyright 2000 Canjex Publishing Ltd. canada-stockwatch.com