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Microcap & Penny Stocks : MTEI - Mountain Energy - No BASHING Allowed -- Ignore unavailable to you. Want to Upgrade?

To: marcos who wrote (2620)	6/21/1998 9:25:00 PM
From: Moonglow	Read Replies (3) \| Respond to of 11684

marcos, Thank you. And I know we could have a civil discussion. And nowhere in either the U.S. or Canada do I think that anyone would consider threats as an exercise in freedom of speech. I didn't say that they were. And in answer to the questions that you just asked, here are my answers: 1) How in the world would we as average investors have ANY idea if the mob was involved or not? It was Shell and crew who made that insinuation based on a note they had received. So the answer to that question is: "I don't have the SLIGHTEST idea." And I doubt if anybody else on here does either. 2) Question #2...same answer....I don't know. 3) Question #3....This has been answered and answered and answered...to the best of our abilities!! And MTEI has by U.S. Geological survey results assets of about $200 million dollars. Shell and crew choose not to believe that. That's fine. The company says they have it....Shell and crew say the company is lying. Ok....but steps are being taken to PROVE one way or the other just HOW MUCH in assets the company has. One of the most reputable engineering firms in North America...Stagg Engineering....is at this moment as we speak....surveying these lands. When they are finished and their report is published...THEN...we shall ALL know for sure!! Until then, what else can we do? Somebody on here even contacted the West Virginia Geological Society to check out the background of Stagg Engineering! They were told that Stagg is held in the HIGHEST regard and is a very reputable firm. That person even posted a link to the website of the West Virginia geological society. And yet Shell and crew continue...on and on and on and on...to ridicule, to question over and over and over and over....it gets tiring after a while. Juanita

To: marcos who wrote (2620)	6/21/1998 10:14:00 PM
From: jhild	Read Replies (3) \| Respond to of 11684

How soon we can forget some very critical issues. We are all familiar with the "implied" claim by the company that they have and I quote here: Reserve estimates by the U.S. Geological Survey (''U.S.G.S.'') indicate in excess 10,000,000 tons bituminous coal. Here we have a press release from Last November, when coal prices were higher I might add: archcoal.com St. Louis, Mo. - Arch Coal, Inc. (NYSE:ACI) announced today that it has reached a definitive agreement to acquire low-sulfur coal reserves in Boone County, W.Va., from Oglebay Norton Company (Nasdaq:OGLE) for $6.0 million. Consummation of the transaction is subject to customary closing conditions and is scheduled for Nov. 24, 1997. The reserves lie on a 12,000 acre tract of land adjacent to Arch Coal's Hobet 21 mining complex. The Hobet 21 Camp Creek deep mine is currently operating on a portion of the acquired property under a lease with Oglebay Norton. The acquisition creates opportunities for future development and expansion of existing operations at the Hobet 21 mining complex. From the Arch Coal 10-K filed March 17, we have: In November 1997, the Company acquired approximately 23 million tons of low-sulfur coal reserves adjacent* to the Hobet 21 Complex for $6 million.* www4.edgar-online.com So what we have is an established company, buying more than twice the stated reserves, made by even MTEI management, for $6M. But fancifully we are able to get to an astronomical $200M figure, through God knows what kind of calculation. What am I going to believe? An open market purchase by an established company in the coal business in West Virginia, or a back of the napkin estimate by a couple of oil and gas guy wheeler-dealers in Houston, Texas. You make the call. $3M/70M shares = 4›'s/share in my book. This was originally referenced by Richard Pleski, who should get the credit for finding it. (See #reply-4780677) The responses to his post are illustrative the attitudes faced by any who dare to speak out.