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

To: vds4 who wrote (4017)	10/5/2001 7:36:13 PM
From: Al Collard	Respond to of 11802

Hi Martin, Your in with AC-t @$2.61 for 3,831 shares. Chart for Air Canada: stockcharts.com[l,a]djclnimy[dc][pc20!b50!b100!b200][vc60][iLl14!Lh14,3!La12,26,9] Looking at the chart for AC we can see the steep downward slide the stock has been in since the infamous Sept 11th fiasco. The chart indicators sure look like this stock is due for a bottom bounce shortly and indeed the bottom looks to have been put in already. Hope it bounces good for you Martin. Regards, Al

To: vds4 who wrote (4017)	10/9/2001 1:37:36 PM
From: Al Collard	Respond to of 11802

Martin, news out on your pick AC-t: Air Canada's regional carrier cancels routes Tue 9 Oct 2001 News Release Mr. Dennis Erickson reports Air Canada's regional carrier, operating as AirBC, Air Nova, Air Ontario and Canadian Regional Airlines, has made cost-reduction initiatives including a 24-per-cent reduction in capacity (available seat miles). The airline's focus remains on providing a high-frequency service to accommodate business customers. The revised fall/winter schedule is effective Nov. 4, 2001, to April 6, 2002. The dramatic drop in passenger demand and the costs incurred as a result of the terrorist attacks on Sept. 11, 2001, have forced the airline to reduce its planned fall/winter schedule network by operating smaller aircraft while maintaining frequency where possible. The following domestic and transborder routes will be cancelled: Effective Oct. 13, 2001: Toronto -- Kalamazoo (operated by Air Georgian Limited), Toronto -- Cincinnati and Montreal -- Portland. Effective Nov. 4, 2001: Vancouver -- Regina, Vancouver -- Saskatoon, Prince George -- Kamloops (operated by Central Mountain Air), Prince George -- Calgary (operated by Central Mountain Air), Calgary -- Penticton, Edmonton -- Denver, London -- Montreal and Montreal -- Albany (operated by Air Georgian Limited). Passengers holding reservations on these flights will be accommodated on alternate services. "Our primary objective is to return our company to profitability. We will focus on our turboprop operation for the short term and prepare to move beyond this period of restabilization. As our financial position improves we will be better able to respond to future opportunities," said Joseph Randell, president of Air Canada's regional carrier. Effective Nov. 4, 2001, six British Aerospace 146 and eight Fokker F28 jets will be grounded. The remaining British Aerospace 146 jets will be taken out of service by early January, 2002; the remaining Fokker F28s will be grounded gradually by December, 2002. "The decision to ground our jets will rationalize our equipment types and is in line with our long-term fleet plan which includes Dash 8 turboprops and new-generation regional jets. The events of Sept. 11 have necessitated the need to quickly adjust our operation to the new realities of our environment and to avoid further losses," commented Mr. Randell. Currently, Air Canada's regional carrier has a fleet of 121 aircraft: 19 Fokker F28s, 10 British Aerospace 146, 26 Dash 8 -- 300s, 61 Dash 8 -- 100s and 5 Raytheon Beech 1900Ds. The details concerning employee reductions at the airline are currently being determined. The airline continues to work with its unions to find possible ways to reduce the number of layoffs through various mitigation programs. Layoffs will begin this month. "The decision to reduce capacity, fleet and employee numbers is difficult but necessary if we are to continue a viable operation. Given the severity of our situation, these decisions had to be made quickly in order to stem our losses," stated Mr. Randell. "Our communities continue to have access to the Air Canada/Star Alliance network, and we are reviewing our planned service levels on an ongoing basis with a view to making necessary economic improvements to our operation." For further schedule information, contact your local travel agent, Air Canada reservations at 1-888-247-2262 or www.aircanada.ca.