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Gold/Mining/Energy : Int'l Pursuit (T.IPJ) -- Ignore unavailable to you. Want to Upgrade?

To: G who wrote (680)	4/8/1998 11:38:00 PM
From: Abner Hosmer	Read Replies (1) \| Respond to of 835

According to Pursuit nothing has changed. These kind of stocks tend to fall on the absence of news. I think it's pretty clear that the stock got ahead of the fundamentals. In the absence of news, that's an opportunity to sell. Some of the more savvy obviously did. As I said, we might get an update on Mahakem next week. But the work program is still in a very early phase. The next thing we can hope for is the closing of the Minoro deal. Let's hope it completes. Pretty obvious at this point that the stock could care less about the POG. 3.25 was very brief. Lot of trades in the 2.80 ballpark. So much for a buy and hold strategy. regards - Tom