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Gold/Mining/Energy : Golden Hemlock(GHE) -- Ignore unavailable to you. Want to Upgrade?

To: Hugh M. who wrote (539)	11/10/1997 5:39:00 PM
From: Robert Dydo	Respond to of 909

Hello Hugh. You are probably right, although I believe that price of gold as of yet has no influence on GHE. My reason is because the current price of the stock does not reflect the estimate published by GHE after I phase and that is why I think we are missing this factor. Yes I am happy but for one thing stock should not be trading at 0.35 in the first place, therefore correction( I believe I can call this trading that way)hopefully will move it to level of 1.00 to 1.30 where the base should be(fundamental one off course)which would include this important estimate at raw value of the metal in the ground. There is an obvious interest and what I think is happening here is an accumulation phase covering shorts and placement of others at the same time, which if stock will continue to rise will create higher volumes of trading and in the process will turn around still present disbelief(one of the reasons for shorts) to speculation level in which GHE new potential(new, updated, bigger estimate)as well as presence of either financial or at option level participation of major will take stock to higher levels. Myself having this view I think that actual resistence level is somewhere between 0.60 and 0.80( which I think majority of shares are being held at) and if this can be reached stock will perform really nicely with upward tendency aiming at 1.00 and later 1.30. I have said in my last post that tax selling is not in this picture(as weak element is gone already for long time)so December maybe a good month after five months of rain. Regards Robert