Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : ARAKIS: HIGH RISK OIL PLAY (AKSEF) -- Ignore unavailable to you. Want to Upgrade?

To: ted birnbaum who wrote (7506)	12/29/1997 4:39:00 PM
From: John A. Paul	Read Replies (2) \| Respond to of 9164

Ted: Welcome to the club! Things are a bit quiet now, but wait until after the first of the year when the contract for the pipeline is issued. Ah Ha! Then we will get things hopping again, just you watch! JP

To: ted birnbaum who wrote (7506)	12/31/1997 6:29:00 PM
From: Zeev Hed	Read Replies (2) \| Respond to of 9164

Ted: Can I take the fifth? I am afraid that if I answer with my true opinion I be booted out. Well, I like taking unecessary risk. I think you have a good chance by next september to graduate to the Table. But Ted, if this stock declines to 1.5 will you stay with it? Right now it is in a very precarious technical condition, hopefully this is a Tax Selling aberation, but the stock has bounced against 2 few times, the Bollinger bands are naroowing again and there is as much chance for a break down than a break up. The reason I think that you should not be too worried about it is that we are already well below what I would call fair value and even below stated book value. Yet, the old rule says, if the technicals and the fundamentals disagree obey the technicals and try and find out what could be deteriorating fundamentals. My speculation is that Arakis needs to raise $200 MM in Capex money, and if the lending has any similarity to the last financing, than, of coursem the fundamentals will apeear and be ugly. I just cannot see why Arakis would have to accept terms like the one they had accepted before. Last year, Arakis was with its back to the wall, today the situation is quite different. But, with Malaysia and China being the partners, and with financial difficulties ion the east rising, money might not be the easiest thing to come by. Zeev Zeev