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Gold/Mining/Energy : The Next Act -- Ignore unavailable to you. Want to Upgrade?

To: JAS who wrote (87)	5/31/1998 5:33:00 PM
From: Ward Nicholson	Read Replies (2) \| Respond to of 102

Short-term trading opps: Looking for a short-term rebound in the following shareprices... BKP CKM HHL.A Are three of these have really been beaten to a pulp. BKP and CKM are already tracing bullish divergences with respect to RSI. HHL.A hasn't yet, but given that volume I expect that gap down to be filled. CA should trade in the lower half of the 4s sometime within the next two weeks. Great buying opp at $4.25. Very little risk given the price of crude and most likely a nice Q2 coming out soon. WN

To: JAS who wrote (87)	5/31/1998 6:47:00 PM
From: Ward Nicholson	Respond to of 102

MDI:TSE Not a bad risk/reward level at $8... Major Drilling Group International Inc MDI Shares issued 11,736,823 May 26 close $8.00 Wed 27 May 98 News Release Mr. Paul Legere Subject to obtaining regulatory approvals, Major Drilling Group intends to purchase up to 780,000 of its shares, representing approximately 6.6 per cent of the 11,819,073 shares outstanding, as part of a normal course issuer bid. The purchases will commence on receipt of all necessary regulatory approvals and will terminate one year from such date or on such earlier date as Major may complete its purchases pursuant to the notices of intention to make a normal course issuer bid filed with the T.S.E. Purchases will be made on the open market by Major through the T.S.E. Major has retained CIBC Wood Gundy Securities, through which the purchases will be made. The price which Major will pay for any such shares will be the market price of such shares at the time of acquisition. Major Drilling Group's management believes that the market price of its shares could be such that their purchase may be an attractive and appropriate use for corporate funds in light of potential benefits to remaining shareholders. The current market price of the shares represents a discount of approximately 20 per cent on the net book value of the company as reported in the most recently released quarterly financial statements. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com