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Gold/Mining/Energy : Spider Resources - SPQ.ASE -- Ignore unavailable to you. Want to Upgrade?

To: MTWALLET who wrote (342)	4/5/1998 1:02:00 PM
From: GalenW	Read Replies (2) \| Respond to of 471

spq at these prices is the easiest money made in the markets. Be patient and the spider will climb the wall once again. played a stock 2 years ago called canabrava vse and it moved from $2 to $7 on their property in brazil. Spider brazil property on the same river but more promising. Also have 4 other properties. I've made money 2 years in a row on this stock and the reason for lack lustre performace this year has more to do with the fundamentals of the resource market at the moment than anything else. Gold starting to rebound and as oil and gold come around, will give a needed jump to ailing junior resource market. No financing available at these prices, but 3 major investment firms are looking at financing this next drill program in Brazil. Outstanding shares are a concern but believe me they will run this one up before they blow it out, to many insider have stock in the 30 cents range. Most of the selling you see right now is being done by yorkton securities, well Union securities has picked up over 4 million shares in the last month. Sit tight and be patient and this one will definitly pay off, especially at these prices!