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

To: Garry who wrote (10555)	12/16/2002 3:46:17 AM
From: Al Collard	Respond to of 11802

Hi Garry, Your in with KRI-v @$ .38 for 26,315 shares. Chart for Continental Ridge Resources Inc: stockcharts.com[w,a]dacaniay[dc][pc20!b50!f][vc60][iLa12,26,9!Ll14]&pref=G From the chart of KRI we can see the stock broke atop it's major MA's last Friday and now has support @$ .35 were they have converged. The ADX and MACD have both flashed buy signals on crossovers. The chart looks good Gary. Good luck with this pick, Al

To: Garry who wrote (10555)	12/16/2002 1:18:10 PM
From: Al Collard	Respond to of 11802

KRI-v...in the news: Continental Ridge to acquire Blue Mountain Power News Release Mr. Jack Milligan reports ACQUISITION OF BLUE MOUNTAIN POWER COMPANY INC. Continental Ridge Resources has entered into a letter agreement with Blue Mountain Power Company Inc. (BMP) whereby the company shall acquire 100 per cent of the issued and outstanding shares of BMP from the BMP shareholders. BMP, a private British Columbia company, holds a 100-per-cent interest in certain geothermal leases located in Humboldt county, Nevada, known as the Blue Mountain geothermal project. Continental Ridge currently holds an option to earn up to a 60-per-cent interest in the Blue Mountain geothermal project pursuant to an agreement dated June 19, 2001, as amended, by incurring $1.65-million (U.S.) of exploration expenditures on the property, and making certain cash and share payments. Under the terms of the letter agreement, the company has agreed to acquire all of the shares of BMP, and thereby 100 per cent of the Blue Mountain geothermal project, in consideration for the issuance of 5.5 million common shares in the capital of the company to the BMP shareholders. The transaction shares shall be subject to a four-month hold period and escrow restrictions as determined by the TSX Venture Exchange. Brian D. Fairbank, the president of the company, is also the controlling shareholder of BMP. The transaction is a related party transaction subject to execution of a formal share exchange agreement, approval of the shareholders of BMP and of the company at an extraordinary meeting, and acceptance of the exchange. At the Blue Mountain geothermal project, the DeepBlue No. 1 discovery well, drilled earlier this year with cost sharing by the United States Department of Energy, demonstrated resource temperatures of approximately 150 degrees C (300 degrees F) from 470 metres (1,530 feet) to the bottom of the hole at 672 metres (2,205 feet). A second 1,000-metre (3,280-foot) deep test well, to be drilled one kilometre northeast DeepBlue No. 1 at a cost of $824,000 (U.S.), has been approved for $659,000 (U.S.) in financing from the Department of Energy. Continental Ridge's objective is to develop an initial 30-megawatt power plant at the Blue Mountain geothermal site. (c) Copyright 2002 Canjex Publishing Ltd. stockwatch.com