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Gold/Mining/Energy : Saxon Petroleum (SXN-TSE) -- Ignore unavailable to you. Want to Upgrade?

To: Steve Trencaroff who wrote (15)11/6/1997 11:41:00 AM
From: snooker  Respond to of 24
 
Hi:

I think there are a few factors :

. market unstablities due to currency problems from Asia
. investors expected better results from 3rd qtr due to
Bigoray site ( still Ok, given the problems they had in timeframe)
. GMP still in the process of calulate SXN bottom line and the
options to increase shareholder values
. yearend tax loss and captial gain time

Hopefully, GMP has a good conclusion (merger or acq.); Bigoray will
announce better than expected results, and the Oil/Gas market is
positive.
I hope this analysis will help.(next year range should $1.25 to $1.75)



To: Steve Trencaroff who wrote (15)11/11/1997 12:09:00 PM
From: mark calgary  Read Replies (1) | Respond to of 24
 
Whatever you do don't sell - Data room is open for other companies to come in and look at Saxon. Based on land holdings at Bigoray and the success that they have had there ( probably even more than they have announced ) Saxon should go for around $1.25 a share. JUST HANG TIGHT. Sometimes these oil deals take a little while to consumate - expect something to happen no later than mid January. Look forward to it as a late Christmas present.


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