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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks -- Ignore unavailable to you. Want to Upgrade?

To: David Culver who wrote (402)	6/21/2000 7:19:00 PM
From: Scott Mc	Read Replies (1) \| Respond to of 11633

I don't know, I really didn't follow Primewest, I did like ROI, however they have disappointed in a major way. I am neutral on the deal, Scott

To: David Culver who wrote (402)	6/22/2000 9:07:00 AM
From: kingfisher	Respond to of 11633

Looks to me like Prime West stole ROI. Just look at what Doug Casey had to say on ROI when it was trading at .62 Reserve Royalty Corp - Casey says Reserve Royalty a buy for 50% gain Reserve Royalty Corp ROI Shares issued 102,201,385 2000-05-01 close $0.49 Tuesday May 2 2000 Douglas Casey, writing in the April 11 issue of his International Speculator, says Reserve Royalty is a buy at 62 cents. Mr. Casey calls it a speculation on the restructuring and liquidation of a publicly traded Canadian oil and gas royalty company. With 102 million shares, its market capitalization is $63-million and it sells for about three times net cash flow, "a very cheap valuation," he says, adding that the liquidation value of the package exceeds $1.35 a share. Mr. Casey says he does not have a strong opinion on Reserve Royalty, but speculator Murray Sinclair Jr., "whom I consider very sharp, as well as ethical," is the company's new president. Mr. Sinclair was recently involved in the liquidation of Neutrino Oil and Gas, and Rayrock Resources, "with excellent results for shareholders." In order to make the deal happen quickly, Mr. Sinclair's plans are to move the package off over the next three months for something like $1.10, leaving enough on the table for the buyers to get a bargain. The deal has limited upside, but also limited downside. (c) Copyright 2000 Canjex Publishing Ltd. canada-stockwatch.com old url (better for printing) cents.