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Microcap & Penny Stocks : NAMX -- North American Expl.-- Que Sera Sera! -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (4038)	7/1/1998 11:16:00 PM
From: Terry Lyon	Read Replies (3) \| Respond to of 4736

Zeev - I agree. I never said the company was undervalued. I believe Stamm is working for shareholders as he is also a shareholder. The fact that he took the initiative to obtain the loan tells me he wants this company to succeed. Longer term, oil and gas prices could rebound. I can only hope that the EM Sounder technology would be put to good usage, although the latest company releases make no mention of it. I wish that Stamm could restore investor confidence in NAMX through company action. I believe we will hear about 60 wells going into production for NAMX in the near future, although the payback for drilling costs may be painfully long. And what about properties from UPR? New sites could make NAMX reasonably profitable even with its immense shares. You have to be long when you invest in NAMX as I am. How would NAMX fair if a mideast war cut off a significant portion of foreign oil supplies? US penny oil and gas stocks might become very attractive. We might all be surprised!!