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Gold/Mining/Energy : Gemcom Software International (GCM/TSE) -- Ignore unavailable to you. Want to Upgrade?


To: Ally who wrote (3)4/2/1998 11:52:00 PM
From: Imran  Read Replies (1) | Respond to of 23
 
Denise,

Took a look at the company site and whatever info I could find in your posts and the press releases. I am quite impressed with the people on the Board, especially the director who used to be with Gemcom's competition. Also, with the appointing of the "venture capitalist for high-tech firms" to the Board, I was further impressed. However, I would like to know the debt situation of this company.

Also, what do you think of the stock price being close to it's 52-week high? Do you think the stock will pull back a bit, recovering from the obvious hype and attention it got from the FP article? Do you know of the short position on GCM?

Sorry for being too inquisitive, and thanks in advance.

imran



To: Ally who wrote (3)4/3/1998 12:05:00 AM
From: Sultan  Read Replies (2) | Respond to of 23
 
OK. I'll bite. Where can I find the number of shares outstanding ?



To: Ally who wrote (3)4/3/1998 12:30:00 AM
From: John L.  Read Replies (1) | Respond to of 23
 
This is my first time responding on SI. I worked in the computer field for many years, so maybe I can contribute something to this discussion.

IMHO this type of company would be quite limited in it's growth potential. It is software for a limited vertical market - mining. I suspect that there is some competition, but am not familiar with this market. My guess is that at this stage of computer evolution, there could be quite a few companies with excellent home grown software. Since these cos. have technical types on staff, surely this would be a project with a big payout and internal funding amongst at least the larger mining co's. This means that if there is enough potential to sell software in this market, there could be a number of these cos. ready to go to market, and be competition to GEMCOM. It also means that this could be a hard sell for GEMCOM.

Looking at the performance on the TSE chart, it is not impressive in spite of the recent run-up. I don't think I would bet on it with the info so far - but then, I am not a day trader.

John.