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

To: Thomas Kelly who wrote (1640)	5/1/2001 4:06:58 PM
From: pz	Respond to of 2357

Thomas, Putting a real value on HHLF can be nothing but positive. And the more information on record about the company can do nothing but help. Undervalued companies usually have their day in the sun and HHLF is due. Paul

To: Thomas Kelly who wrote (1640)	5/2/2001 1:17:11 AM
From: Hickory	Respond to of 2357

Tom, Although Forecaster predicted that Hurricane would rescue the Alibekmola concession from the Kazakhi "thieves" and I said it was more likely the "thieves" would take over Hurricane, I don't feel confident about predicting what will happen after the Kazakhis assume control. My guess is that CAIH will pay close to the per share price at which the independent evaluators value Hurricane. But, of course, that would be for only 1 out of about every 7 shares that we hold. We'd be left holding the other 6 shares. What Hurricane would be worth on the market after "the clan" takes over control of it???? Who knows. People haven't been willing to pay very much or buy very many shares of Hurricane, even with Bernard and his team in firm control of it----probably because they were afraid that something like this might happen. I have a very little bit of Vintage Petroleum. Its reserves are the longest-lived of any of the significant E&P cos. Yet it sells for only 6 times earnings (versus 10 times earnings for its peers), apparently because it has significant production in Argentina, as well as in Yemen and Bolivia, in addition to its major holdings in US and Canada. As a long-time oil man who posts on the Motley Fool Oil and Gas board said, the first thing to consider when you are doing due diligence on an oil co. is the country where its main, or significant other, resources are located. Kazakhis have a very different way of thinking about doing business. Conducting it so that it basically benefits your extended family or clan is not only o.k.; it is the RIGHT way to do business. We westerners call it nepotism and group it and bribes and related practices under the category of "corruption." They see it as the way you SHOULD do business. I would find it very hard, if not impossible, to predict how the Kazakhis will conduct Hurricane's business, except that I'm sure it will greatly benefit "the clan." Many are fond of saying that they would not dare do anything that would have an ill effect on the non-Kazakhi shareholders. Tellengarten, on the Raging Bull board, says that there is no evidence that the CAIH people have done anything that negatively affects other shareholders in businesses they control. I have no information on that. I am aware that, apparently, Kulibayev and his cronies dispossessed the Belgian Tractabel so they could control the transport of the oil that is the lifeblood of Kazakhstan and collect the revenues from it. Guess we'll just have to wait and see what happens to the 6 out of each 7 shares that we own that won't be bought by CAIH and Korinth. Hickory

To: Thomas Kelly who wrote (1640)	5/2/2001 11:58:07 AM
From: forecaster	Read Replies (1) \| Respond to of 2357

Tom. Forecaster never said that the forty thieves were Kazakhis. In his opinion, they are North Americans with common names like Hickcock, Razorbill or Fledermaus, have 40 accounts spread among all brokerage houses and stashes that individually don't require beneficial ownership filing. They are aware of HHLA's enormous potential and they are masters of disinformation. They patiently accumulate the stock as cheaply as possible, under a constant bashing barrage performed by mockingbirds and related cuckoos. At no time is the quote left unsupervised. You may say, so what? Well, yes, if the naifs are willing to sell, it's their business. But the stock is worth a triple, hence "thieves". They might be also planning a cheap take-over themselves and that would be seriously detrimental to all of us. Forecaster