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Gold/Mining/Energy : Olympic Resources - ORL,v -- Ignore unavailable to you. Want to Upgrade?

To: BGraham who wrote (69)	4/5/1998 4:49:00 PM
From: Texas77	Read Replies (2) \| Respond to of 84

Martin may be able to shed more light on this than I can. But ORL supposedly already had a lot of cash and the recent sweetheart deal for options and stock seems to indicate that they are in fact acquiring some decent oil and gas property. With the present float (about 20 million shares I think) ORL has been undervalued for quite some time in light of the cash they had. In late Nov. Kaiser recommended selling due to doubts of their oil and gas play - but they seem to be assured now. They still have their Indonesia properties and they are not even part of the current activity. ORL has a lot of potential now and I think the play is just starting. Of course - I let the Kaiser recommendation shake me into premature selling on the current volume - so I am not holding near the stock that I was early last week. My timing has always been poor. I started the AMS run two weeks ago when I gave mine away at .08. Next I plan to dump SKN - so folks might want to start watching that one - <G>