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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: AuBug who wrote (42127)	6/8/2007 4:45:36 PM
From: Rocket Red	Read Replies (1) \| Respond to of 78431

GOLDQUEST MINING (V-GQC) $1.07 -0.34 We joke with Eric Coffin that “some people will do anything to get their name on the Bullboards.” That’s a bit of a bad joke because the Coffin Brothers seem to be getting abused on the Bullboards today because they had the nerve to suggest “taking a bit of money off the table” on Goldquest Mining which is definitely one of the stories of the day. The Coffin Brothers in their Hard Rock Analyst had suggested a while ago, buying Goldquest for their Animas project in the Dominican Republic way back at $0.28. It came up with an absolutely amazing hole of 142 metres of 2.59% nickel, 1.91% zinc and 2.50 g/t gold. But as the Coffin Brothers note on a Special Delivery on June 6th entitled Boomer, the intersection is not true widths, they’ve written. They also point out some other good reasons to consider selling some at this time in that there’s almost 10 million warrants out exercisable at around $0.30 plus some $0.30 private Goldquest Mining www.goldquestcorp.com David Pescod 780-408-1750 Debbie Lewis 780-408-1748 Page 2 DEB’S DITTY: After his exam the doctor said to the elderly man: “You appear to be in good health. Do you have any medical concerns you would like to ask me about?” “In fact, I do,” said the elderly man. “After I make love, I am usually cold and chilly, and then, after making love with her the second time, I am usually hot and sweaty.” After examining his elderly wife, the doctor said: “Everything appears to be fine. Do you have any medical concerns that you would like to discuss with me?” The lady replied that she had no questions or concerns. The doctor then said to her: “Your husband had an unusual concern. He claims that he us usually cold and chilly after making love with you the first time, and then hot and sweaty after the second time. Do you know why?” “Oh, that crazy old man,” she replied. “That’s because the first time is usually in January and the second time is in August!” Disclosure: Kodiak Oil & Gas: Canaccord Capital covers this stock and has a Buy rating on it. (Buy: The stock is expected to generate risk-adjusted returns of over 10% during the next 12 months.) Canaccord has recently participated in financings for Connacher Oil & Gas, Corridor Resources and Pacific Energy. CONNACHER OIL & GAS (T-CLL) $3.58 -0.05 We are off to exciting places like Morocco and the like for the next ten days, so with the market in a bit of a retreat, we go to Andy Gustajtis for a little hand holding and a check on his “Top Ten.” Not a top three, but top ten. As anyone who has had the number of big wins he’s had in the last year from Corridor Resources (CDH) to Rally Energy (RAL) to Kodiak Oil & Gas (KOG) to Pacific Energy (PFE), he gets a top ten, not just a top three. As we go over his list, he doesn’t seem concerned at all assuming very good oil prices and gas prices that are surprisingly bullish. Should his number one pick work out in the next two years the way he believes, we will either be retired or writing this letter from Mexico during the winter. His number two pick looks like the next few months are going to be interesting to get paperwork done, but should that work out, once again, we could be quite happy. His number three pick is Connacher Oil & Gas, one of his selections that lately has been acting like a dog, but Andy says bluntly, “When they start steaming, people will care.” They better! Going farther down his list, we notice his number six is obviously dependent on higher gas prices and his number seven pick is dependent on such high gas prices that people might even care about Shale again. Should that one work out, well, we will gladly eat this Edition, although we have bought some stock just in case he’s right... Fax: 780-408-1501 Thanks Ivan J. Connacher Oil & Gas www.connacheroil.com placement that was done that are obviously weigh on the stock with this kind of profit looking at people in the eyes. That’s a bunch of selling pressure. But over the longer term, with additional results coming in shortly, Eric tells us today that he does like the company and management and with their array of roughly 20 products and their Animas being so well located, the story is far from over. He refers to what he and David wrote: “It’s not a bad idea to take a bit of money off the table as it nears our expected highs and be ready to reload later. That’s simply portfolio management. Let the market pay for your stock when you can.” The important thing for the moment though is calculating the true width of that 142 metres might be. If it’s only 20 or 30 metres, that still could be quite significant. And again this is just the start of work on this project. Nice pick at $0.28