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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 (1599)4/4/2001 6:19:15 PM
From: marcos  Respond to of 11802
 
cpt.v release - yes ... a re-release mostly i think, haven't checked deeply yet though ... here's a cup-o'-crap from Canacrap on ido.v - stockhouse.ca
... here's three bits of it that stuck out for me -

"Working capital: $1.6M
[...]
Parts of Montana have just experienced a heavy snowstorm and this
includes the area around Stillwater. As such we do not expect that the
company will be able to initiate drilling until May with initial results due
in June.

[...]
As the company has an aggressive program planned for
2001 the current working capital position will likely require that IDO
management consider a further equity issue.
"

They're going to do all they can to pull a nice core, and they've got the ground to do just that .... then they're going to finance as they analyse results and plan next drill targets [if not before] ... and they'll finance higher than this imho ... rarely do i hold significant shares all the way through the programme in drillbit plays, but in this case i will .... still plan to trade the anticipatory run of course, but less than usual .... the sick tech market won't matter much with the quality of this claim and the quality of the people on board, imho it should get a great run, and if/when they pull a shiney core, look out.