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Microcap & Penny Stocks : STAX -----> Stelax Industries - A real gem. -- Ignore unavailable to you. Want to Upgrade?

To: MSo who wrote (414)	11/25/1997 11:52:00 AM
From: tom jones	Respond to of 1112

I heard in Monday's news that some people are expecting the aluminum and steel industries to do better because of the troubles in Asia. I think it is because they expect the cost of raw materials to go down. I don't know if this will help Stealax because they buy stainless steel billets and hot-roll it to make their products. I have not been able to find reports on the steel industry or the price of stainless steel billets so if anyone knows of a source please let me know. A news release said the contract with Asa Alloys calls for December delivery of nuovinox products so this should help revenues, backlog and cash flow. I hope management can keep up the good work and do even more with this increase in revenues and cash flow. Hope STAX goes up also. Any comments. Tom