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Gold/Mining/Energy : Sedna Geotech (SOT.V), explosive growth PE of 7 -- Ignore unavailable to you. Want to Upgrade?

To: Steve Reichle who wrote (34)	3/25/1998 11:05:00 PM
From: mariner	Respond to of 68

Steve Am a fellow $2.85 cost holder. It's been a long, disturbing slide. I recently reviewed IR pack. Most of the info is out of date with the exception of interim statements for the end of the 2nd quarter. I'm also struggling on whether to put more cash here. I don't normally "average down" preferring to place my bet elsewhere to enhance diversification. I'm not aware of any imminent bad news. I think the generally light volume is indicative of a few small investors bailing out in (understandable) frustration. When I talked to IR 2 weeks ago they said things seem to be on line and that they were planning a roadshow to attract institutional interest. Haven't seen anything on that in the Cdn business press.

To: Steve Reichle who wrote (34)	3/26/1998 9:34:00 AM
From: Traveling Man	Read Replies (2) \| Respond to of 68

This is a hard one to put a finger on. The price has become very enticing. But, their earnings momentum is slowing. If they hold steady at this rate, they would earn .12C next fiscal year. I have forgotten what their net tangible assets are and how much cash they have. These are important to know. They are being affected by the low POG as all gold cos. are. Can they weather another year of <$300 gold? They have already lost some small contracts due to this. The most intriguing fact to me remains that George Soros took a significant position. Obviously, he feels South America is virgin territory for mineral mining and is full of minerals. And, he must believe SOT is well positioned to benefit. I think a couple of years from now, you may look back and be real happy that you were patient, but it's hard now as it declines daily. TM