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Microcap & Penny Stocks : NAMX -- North American Expl.-- Que Sera Sera! -- Ignore unavailable to you. Want to Upgrade?

To: Hunter Vann who wrote (1699)	12/11/1997 3:49:00 PM
From: alchemy	Read Replies (1) \| Respond to of 4736

Hunter, I don't gamble. You probably shouldnt' either. If you put as much analysis time into your wagering activities as you put into stock research, you will always be a bookies best friend. I think your delisting scare tactic is idiotic. Let me explain why. If you bothered to run the numbers, you would realize why your trashing of this company is so ludicrous. Right now, my spreadsheet has us netting $1.8mm/annum just from the first three wells. At the current drilling rate, we may have anywhere between 20 and 30 wells by June. A very low average for each well would be @$50K a month. By June we will be generating at least @$1mm a month in net revenue. By then, we should have generated somewhere between $2 and $3mm. I consider these figures to be extremely conservative. Now consider that we may actually drill 50 wells on this property in 98 which could give us net earnings of $2.5mm a month. IMO, a company that can support real earnings at these levels will receive a valuation much higher than a dollar. Therefore your fear tactic of delisting is absurd when applied to a company with NAE's potential. If you had bothered to study this company, you would have realized this. As far as I'm concerned your persistent attempts to tear down this stock because of your personal vendetta is the height of irresponsibility and is immoral. marty (To all, do your own due dilligence. My estimates may be wrong. The drilling may not meet the company's expectations. My scenario is hypothetical.)