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Gold/Mining/Energy : Abacus Minerals Corporation (V.AMC) -- Ignore unavailable to you. Want to Upgrade?

To: Ron Everest who wrote (132)	5/12/1998 8:02:00 PM
From: John Fairchild	Respond to of 397

From my post on the weekend. "Well this is definitely going to be an interesting week for AMC. I am trying to get a handle on what the share price will do under a worse case or best case scenarios. First of all I would be very surprised if they did not come up with anything significant in the next 5 holes. But if that did happen I am guessing that we would drop to about .50? If however we have a similar hit in one of the remaining holes we will see $1.00. If we hit on several holes and a deep one then we could be upwards of $3.00 or more. I normally try to keep projections to myself but quite frankly I am very surprised that we are trading as low as we are given the risk to reward ratio. When i originally saw the results I would have chased this stock to $1.00 without a second thought." ---------------------------------------------------------------------- Ron, you have to take some risk to reap the rewards. In my opinion the market should have been fairly neutral on these results. My .50 projection was based on zip in the other five holes. I fully expect to see some price recovery this week then new highs in anticipation for step out hole results next week. John