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

To: kidl who wrote (3068)	6/9/2001 1:34:25 PM
From: Al Collard	Respond to of 11802

Hi kidl, Your in with TMT-v @$.11 for 90,909 shares. Chart for T.M.T. Resources, Inc.(TMT-v): stockcharts.com[l,a]djclnimy[dc][pc20!b50!b100!b200][vc60][iLl14!Lh14,3!La12,26,9] Looking at the chart for TMT we can see the stock is trading right at it's 20EMA @$.10 with resistance @$.11 it's 100MA and support @$.09 it's 50MA. The ADX and MACD are showing weak uptrends but the Stochastics has turned down from overbought territory. All in all a fairly neutral chart with no clear direction. Latest NR from TMT-v: TMT to acquire oil and gas interests in central Alberta Mr. Randy Schuette reports TMT Resources has entered into an agreement to acquire certain oil and gas interests in central Alberta currently producing a total of 60 to 70 barrels of oil per day from seven producing wells and four injection wells. The purchase price is $1.25-million giving TMT a 100-per-cent working interest in the wells and facilities subject to a 5-per-cent net overriding royalty. The property is a natural extension to TMT's core properties and has potential for implementation of an enhanced oil recovery scheme. The property provides TMT an alternative to equity financing by creating an environment of sustainable cash flow from multiple wells. Management is currently negotiating with several financial institutions and professionals in order to obtain favourable financing for the proposed acquisition and payout of existing creditors. The acquisition is subject to financing, due diligence and regulatory approvals and is scheduled to close July 15, 2001, in the event that all conditions are met on or before June 30, 2001. Good luck with this pick, Al