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

To: c.d who wrote (2263)	3/10/2001 1:45:06 PM
From: READE SMITH	Read Replies (2) \| Respond to of 2316

We have a five-speed Maserati and are only now shifting into second gear. Hegco Management plans to be in third gear (drilling in Arkensas) by late this year or early next. Along the way we will have no new debt and no share dilution with exponentially-increasing production and profits. You can make the case that the "alpha male" syndrome as you define it, laid the groundwork for current the methodical risk-based production program by acquiring the resources and the field expertise....or you can make the case that the "alpha male" syndrome delayed us by a year, diluted our share base by 20% and almost drove us out of buisiness by rolling the dice and losing in Arkensas. I agree with you that the market wants some excitement. But excitement without confidence and trust is a fickle acquaintance. For those with patience, excitement and confidence will soon emerge as buddies. Second gear this spring, will bring an additional revenue stream with a name-brand partnership. Third gear,(summer/fall) will bring drilling programs on the properties that excited many about the Hegco story in the first place. I believe that we now have the best "right lobe/left lobe" combination now of risk and reward. No one will questioning leadership style or looking for more excitement when Hecgo is putting it's third El Grande well on stream next year. And yes, anywhere along the way, because of our success and our potential, we might just get scooped up. That would bring some excitement at the price of longer-term gains. (check out stockhouse and smallcapcenter for other views).