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STOCKTALK

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

To: Jim Chapman who wrote (494)	1/28/1998 8:35:00 PM
From: River Rat	Respond to of 1112

Snake, I have requested the appropriate prospecti (?) from Dreyfus so we can confirm the investment. It certainly would fit with the volume we saw earlier.

To: Jim Chapman who wrote (494)	1/28/1998 8:51:00 PM
From: Eric G. Erpenbeck	Read Replies (1) \| Respond to of 1112

Jim, With Stelax waiting until February 13 to issue results for end of December, using all 90 days, I would suspect the earnings are not up to par or expectations. This has always been the case in the past. If things were looking better I would have expected a press release with un-audited numbers. With this in mind, I would anticipate a further decrease in the stock price, depending on the quality of the results. What are your thougths on this? Also I am watching closely to see when the second mill comes on line versus STAX predictions. With this information, one can figure out where this is heading. I am also anxious to see the level of SS production/revenues. I have followed this one for a very long time and am watching just to see how things continue to play out. It will also be interesting to see what the DREYFUS fund does depending on the December results. Will continue to watch this one in the shadows not ready to jump back in yet.