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


To: Hickory who wrote (1735)8/6/2001 1:54:07 PM
From: forecaster  Respond to of 2357
 
Hickory: The truth, the truth.

1. On a diluted basis, Q2 results were the same as last year.
2. The results were short of my forecast mostly because of unusual costs, such as takeover legal fees (but look at the worldwide promotion we got for meagre 6M), Kazgermunai inventory consolidation, Kazgermunai depletion increase, CPC pipeline delays. No forecaster at arm's length like me can model such special events (listen to the CC again, Bernie's sympathy with model builders.)
3. The average predicted value of HHLA at the end of March was roughly C$24, not US$25 as you indicate. You have to admit that our prediction was amazingly close to the Peters & Co valuation of C$23.50.
4. The stock closed at C$7.65 on Dec. 31, 2000. It reached a high last week of C$14.75 (C$10.75 + C$4.00 dividend). That translates to +92.8% in 7 months.
5. Any new oil discovery, and there are some humongous prospects out there, will have a tremendous effect on the currently extremely lean stock price.

The truth, Hickory, the truth!

Forecaster