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Strategies & Market Trends : Alamos Gold -- Ignore unavailable to you. Want to Upgrade?


To: brian krause who wrote (703)12/8/2001 10:16:28 AM
From: Al Collard  Respond to of 4470
 
Hi Brian,

Your in with ELK-t @$3.32 for 6,024 shares.

Chart for Elk Point Resources, Inc:

stockcharts.com[l,a]djcanimy[dc][pc20!b50!b100!b200!f][vc60][iUb14!Ll14!La12,26,9!Lh14,3!Lc20]

From the chart of ELK we can see the stock has been basing just under the resistance of it's 20EMA on below average volume. The chart indicators are neutral as is the usual for basing stocks. If this stock can break through it's 20EMA it is probable it will make a run to test the resistance @$3.75 of it's 50MA.

Good luck with this pick,
Al



To: brian krause who wrote (703)12/12/2001 8:24:53 PM
From: Al Collard  Read Replies (1) | Respond to of 4470
 
ELK-t...in the news:

Elk Point Resources Inc. Raising Funds By Private Placement Of Flow-Through Common Shares

CALGARY, ALBERTA--Elk Point Resources Inc. has entered into an
agreement with a syndicate of underwriters for the private
placement of 1,250,000 flow-through common shares under certain
prospectus exemptions in the provinces of Alberta, British
Columbia and Ontario subject to regulatory approval. The
flow-through shares will be offered at a price of $4.15 per share
to raise gross proceeds of $5,187,500. The gross proceeds of the
offering will be used to fund the Company's natural gas and crude
oil exploration activities in western Canada.

The syndicate of underwriters led by Dundee Securities Corporation
includes CIBC World Markets Inc., FirstEnergy Capital Corp.,
Griffiths McBurney & Partners and Haywood Securities Inc. This
financing is expected to close on or before December 20, 2001 and
is subject to regulatory approvals. Elk Point currently has 28.1
million shares outstanding, prior to this issue.

This news release shall not constitute an offer to sell or the
solicitation of an offer to buy the securities in any
jurisdiction. The flow-through common shares will not be and have
not been registered under the United States Securities Act of 1933
and may not be offered or sold in the United States or to a U.S.
person except pursuant to available exemptions from registration.

Elk Point Resources Inc. is a public company involved in the
exploration, development and production of natural gas and crude
oil in western Canada and the United States. Its shares trade on
The Toronto Stock Exchange under the symbol "ELK".