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Gold/Mining/Energy : Canadian-under $3.00 Stock-Picking Challenge -- Ignore unavailable to you. Want to Upgrade?

To: Al Collard who wrote (1097)	3/16/2001 12:34:40 AM
From: Richard Saunders	Respond to of 11802

Al - re: JEL. It's purely a paperpick for me and I was going for the leverage afforded a $0.03 stock. I have owned in the past however was fortunate enough to depart when price was upper $0.30s. At the risk of throwing some cold water and making paper mache out of the paper pick keep in mind that the thing (very small o&g situation) announced earlier this week that they'll be changing the name to Connacher and doing a 10:1 rollback. General rule of thumb is that you don't want to be holding consolidation candidates........ often some post consolidation price slippage occurs. General thing that caught my eye some time ago were some of the folks involved in taking private placements. Some recognizable oil-guys. Kelly Ogle (ex-Opal which was sold to Bellator) is pres. now. After consolidation there'll be less than 5mil shares out and I suspect some dollars will probably be infused to up the o/s number a bit. Solidly bid at $0.02