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Gold/Mining/Energy : American Resources of Deleware (GASS) -- Ignore unavailable to you. Want to Upgrade?

To: tony mendoza who wrote (131)	11/1/1997 9:52:00 AM
From: Jeff Lee	Respond to of 172

Your right about Lucas. Statements very shallow since he did not explain his information behind his negative feelings toward the stock. GASS is actually looking very good at these levels and very strong in a very volatile and down market. Big volume over the last week and there has been alot of buying on any weakness. I've followed it for a while now and the stock does not want to go lower. Looks like we should start a nice move upward from here. I feel comfortable purchasing more shares at these levels. Good luck. Jeff

To: tony mendoza who wrote (131)	11/1/1997 9:55:00 PM
From: Bill Li	Read Replies (1) \| Respond to of 172

Tony and Jeff, I double checked GASS this afternoon on Bloomberg. This is what I found out: PB=.89 PS=.66 PCF=3.56 First Call: EPS 12/97=$.45 12/98=$.62 12/97 PE=7.36 12/98 PE=5.34 EPS YOY=85.7% Sale YOY=91.6% ROE=5.22 Current ratio=.57 Debt/Asset=42% Institional holdings as of 10/24/97: 4 buys/2 sells/6 holds On 9/17/97 Director Aldridge Len bought 17,000 shares at $2.75 Money flow was still positive in past three weeks. Considering last Friday's 5/16/increaase and Vol, I think it is time to add to our position. Bill