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Gold/Mining/Energy : Canadian Microcaps -- Ignore unavailable to you. Want to Upgrade?

To: Ciao who wrote (82)	6/23/2003 1:07:10 PM
From: Stephen O	Read Replies (2) \| Respond to of 817

Canaccord has stared coverage of Carmanah. They have a one year target of $1.25. I like this expression that they used "Uncovering microcap companies that have the potential to become successful small cap companies is challenging at best, simply because so few actually cross the finish line. The successful ones have a special blend of strong managment, strong products, and a meaningful market opportunity. We think Carmanah has all of these ingredients. As a result, we believe its common shares offer risk tolerant investors a high probability of success at a still reasonable valuation."