SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Altair Nanotechnologies -- Ignore unavailable to you. Want to Upgrade?


To: Keith Morley who wrote (97)11/5/1997 5:49:00 PM
From: jas singh MD  Respond to of 603
 
Good evening Keith,
There are a couple of newsletter writers who follow Altair. One of them has mentioned recently during his weekly updates, that a brockerage house will soon put out a buy rating on ALTIF. His 12 month prediction is $20-30/share or higher if a buy out situation were to occur. Obviously, the eventual price/share depends on a number of factors:

1) The reserves present on the Tenn. property. Since Altair owns exclusive rights to this property, mining for Titanium(sp) could be very profitable for this company.

2) The Jig has tremendous potential for mining firms. Imagine if you could salvage a good percentage of the minerals that you are mining that would have otherwise been discarded. Dupont has done a set of tests using the jig. Additionally, we know that a coal mining firm from the midwest conducted tests associated with a university in the state of Ill. a number of months ago.

Whether to sell at these levels is an interesting question. Obviously, if you bought these shares in July when they were below $5/share, you are sitting on a nice profit. However, I suspect that there may still be some upside from these levels over the short term given the dramatic rise in price as well as the volume associated with this company. Ever get the feeling that somebody knows something that the rest of us don't???

Sincerely,

Jas



To: Keith Morley who wrote (97)11/5/1997 7:23:00 PM
From: jas singh MD  Read Replies (2) | Respond to of 603
 
Keith, The study on the Tenn. Property should be available within the next thirty days. Additionally, the market maybe taking into account that some mining firm other than BHP may also be interested in the technology.

Hope this information helps.

Sincerely,

Jas