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

To: The Osprey who wrote (4319)	10/20/2001 7:47:11 AM
From: Al Collard	Read Replies (1) \| Respond to of 11802

Hi Osprey, Your in with YRY-v @$.48 for 20,833 shares. Chart for Rally Energy Corp: askresearch.com Looking at the chart for YRY we can see the stock is currently trading above all it's major MA's and just set a new 52 week high on Friday. All the chart indicators are bullish although the Stochastic's does appear to be in overbought territory. Good luck with this pick, Al

To: The Osprey who wrote (4319)	10/20/2001 7:58:52 AM
From: Al Collard	Respond to of 11802

Osprey, just to let you know. We now have a Stock-Picking Challenge thread for stocks over $3.00 Regards, Al Subject 51861

To: The Osprey who wrote (4319)	10/23/2001 2:20:06 PM
From: Al Collard	Read Replies (1) \| Respond to of 11802

Osprey, news out on your pick YRY-v: Rally exercises PEI purchase option and reduces royalty Tue 23 Oct 2001 News Release Mr. John McLeod reports The 10-per-cent purchase option on the Prince Edward Island permits, reported previously in Stockwatch, has now been exercised to increase Rally's working interest position in those permits to 40 per cent. The option was exercised by the issuance of a $722,396 promissory note secured solely on the 10-per-cent working interest acquired on exercise of the option. As holder of a 40-per-cent working interest, Rally now expects to be named operator on the seven PEI permits and will promptly table recommended permit area work programs and budgets for approval by working interest partners. Royalty reduction On Oct. 23, 2001, Rally executed an agreement with Prince Edward Gas Company Limited (PEG) and CMB Energy Corp. (CMB) to amend the terms of the June 1, 2001, PEI purchase and option agreement. Rally's 40-per-cent working interest in the PEI permits will be subject only to a 2.5-per-cent gross overriding royalty. Both the original 5-per-cent net profits interest and the postpayout 8-per-cent gross overriding royalty are to be surrendered by PEG and CMB in return for $250,000. Private placements In order to advance Rally's PEI permit area activities, Rally is immediately proceeding with two special warrant private placement offerings pursuant to applicable securities laws exemptions. The first is an offering of up to 900,000 special warrants, priced at 45 cents per special warrant, for total gross proceeds of up to $405,000. Each special warrant is exercisable into one common share. The second is an offering of up to 2.4 million flow-through special warrants, priced at 50 cents per flow-through warrant, for total gross proceeds of up to $1.2-million. Each flow-through warrant is exercisable into one common share. A 5-per-cent commission will be payable to registrants facilitating subscriptions for special warrants and flow-through warrants. Proceeds from the two private placement offerings will be immediately available to Rally and will not be held in trust pending the filing of a prospectus. Rally insiders intend to acquire at least 20 per cent of the flow-through warrant offering. Rally intends to use its reasonable commercial efforts to file a prospectus to qualify the common shares issuable on exercise of the private placement special warrants and flow-through warrants within four months. Proceeds from the private placement offerings are intended to finance Rally's interests and activities in Eastern Canada. Of the special warrant proceeds, $250,000 will be used to achieve the royalty reduction noted above. Remaining private placement proceeds will provide funds for working capital and for financial support for the acquisition of lands, seismic and permits or licences in eastern Canadian maritime provinces. Activity highlights and comments Mr. McLeod, the newly appointed president and chief executive officer of Rally, and Mr. Pratt, the new vice-president, exploration have been working with Rally since June, 2001, as part of the technical consulting team retained to conduct a detailed assessment of opportunities to develop drillable gas prospects on PEI. Preliminary analysis of geophysical and geological data has resulted in the identification of several promising leads on Rally's acreage. The following summarizes current views of management regarding the PEI permits: 1) Based on data reviewed to date, good opportunities exist for discovery of conventional gas reserves on the PEI permits. This view is supported by several recent successful exploration wells drilled both onshore and offshore PEI, New Brunswick and Nova Scotia. Proven analogous basins include the Appalachian basin of Eastern United States and the southern gas region of the North Sea. 2. The onshore aspect of the permits, combined with Rally's focus on high porosity shallow gas formations, can be expected to reduce drilling costs. 3. Early cash flow may be realized through direct gas sales and power generation into the province's adjacent power grid. 4. Upside exists both with respect to deeper horizons and coalbed methane. Rally has sold its small shut-in gas interests at Pine Creek, Alta., for cash consideration of $75,000.