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Gold/Mining/Energy : Canadian Small Cap Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Jamie who wrote (56)	4/13/1998 11:49:00 AM
From: Ally	Respond to of 512

Hi Jamie, >>Thankyou for taking a look at Envoy. Its always useful to have other opinions<< I'm so glad you're took my comments in a positive manner... all my comments are the way I see it at one point in time. Companies are fluid and things can change quickly. Please feel free to comment on any of my picks as well, especially if you have qualms or concerns about the companies. I like to hear negative and positive views - both sides so that I don't miss anything in making my own buy/hold/sell decisions. >>The point of having the companies assets (staff) leave is agood one. The company has indicated a reason for the delay in completing it's acquisition was the need to negotiate lockups with key employees<< I'm glad they're doing something to ensure that creative key employees stay with the company. Let me know how they do this. >> The company definately needs to put its cash to work to avoid the dilutive effects of the financing.They say this will be accomplished soon.<< Dilution is a major problem with most micro-cap companies. Investors sometimes forget about this problem and wonder why it takes so long to recover their original capital. >>I look forward to seeing what 11 you come up with<< Well, I've already bought 2 of them, but have not yet find the time to write about them. 1. Gencom Software Inc (GCM/TSE trading 80 to 90 cents). I've started a thread on SI some weeks ago. I like the niche play (mining software, environmental protection software), the partnership with Teck, the global market, the over 30% growth rate so far, and the $1 option exercise price of insiders. The stock has soften from ipo issue price of $1 to low of 60 cents due to depression of mining stocks. Stock seem to be on an upward cycle now. Software is like expensive wine... the more it is aged, the better the quality:-) 2. Hyduke Capital Resources (HYD/ASE) a more aggressive pick (around $2.20). Services oil rig and cranes. Stock has come down from $4 to current level due to softening of oil prices. Management very aggressive buying companies. For the 9 mths ended Jan 31/98 revenue doubled to $22.8 million, and eps of 21 cents. Real rough-necks impression... including reporting comments/style. While I wasn't impressed with their new reporting abilities, I'm betting on their aggressiveness and the relatively low stock price to give a "double bagger" within 2 years time frame. Positives: management growing the business like crazy, relatively undervalued stock price, good top and bottom line Negatives: drilling activity may slow down, ASE listing versus TSE, intra-day traders make the stock more volatile, too rapid a growth. Conclusion: good potential for double bagger, but have to monitor more closely due to higher risk. Anyone with information/personal views on these 2 companies... please post! regards, d