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Gold/Mining/Energy : American Eco (ECGOF, ECX on Toronto exchange) -- Ignore unavailable to you. Want to Upgrade?

To: MARK BARGER who wrote (2466)	5/14/1998 5:31:00 PM
From: Hawkmoon	Read Replies (1) \| Respond to of 2841

Hopefully the buyer of the 20,000 shares at the close is a sign of more buying to come. Of course it is!!!! Why else do you think I bought???!!!! I'm in here buying someone else's fears and doubts. We have a company that just announced a $65 million JV, has a P/E of 7 (far below its growth rate), a BB-(positive) $100 million bond issue that will both erase all existing debts and end the dilution factor, as well as providing more than enough working capital to finance some BIG projects. (It also doesn't hurt that the IB's doing the bond offering have it in their best interest to make the company's stock look appealing... ie: stock support) in order to attract buyers of the bonds. It may take a little time but we're heading through the $15 level and beyond. We're about to take the training wheels off and play with the big boys. Regards, Ron

To: MARK BARGER who wrote (2466)	5/15/1998 3:17:00 AM
From: Czechsinthemail	Read Replies (1) \| Respond to of 2841

Mark, Though many around here have been thoroughly disillusioned by ECGOF's performance shortfall, I think it has mostly been due to the disappointment of very high expectations. More modest expectations, particularly given the company's low PE, and the stock would be much higher. Eventually, value investors will find their way back into the stock and the disillusioned who want to cash out will exit. Any signs of new growth will accelerate the stock's rebound. Since lining up new deals has been a McGinnis forte, I think the rebound will be faster than many are assuming. Baird