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Gold/Mining/Energy : Canadian Hot Stock Club - CHSC -- Ignore unavailable to you. Want to Upgrade?

To: Rocket Red who wrote (758)	7/2/1998 10:57:00 PM
From: ToySoldier	Respond to of 1307

red, I was going to mention to the club that very same thing. After all the false starts and waiting and promises from Pres. Billy & Management, it looks like this one is for real! All the DD news has harmonized and Pres. Billy has given a very strong indication that things should start next week. From what us DD trackers from MMR have gathered, the JV company that will flow the revenue from China to MMR has now officially been setup. This means that MMR is ready to send out a NR to tell the world what is has done while in China. This company will shortly be taking in reasonable oil cash flow - something this little company has not seen since its inception. The field they have taken 60% interests in is already producing about 260BOPD. They will shortly be re-perforating the existing wells and drilling a few deeper to hopefully double this daily production. The best news that we so far have found out is that MMR has an agreed market price with the Chinese for this oil of $19.70/barrel - much better than the current oil prices of about $14. The news we are still waiting to hear from Mr. Whelan is how much "Behind Pipe" reserves are on the field. This hopefully would be the surprise news that we can't find out yet. Anyways members. I thought I would spew what I know to date of MMR so that you all have a chance to consider if your in or not. Please do your DD and ask me, Osprey, or Red about anything else. We have done a shitload of DD on this puppy and we might be able to answer the questions. I agree with you Red, if this stock makes it to the mid 30s tomorrow then we have a clear indicator of what should happen next week. There is board for MMR if you all want to read up on MMR's recent history. One last thing - if this sounds like hype, it aint. If this was hype, myself, Osprey and Red would have hyped this stock long ago. We have been on MMR since March/April and this week is the first good signs we have had that the play is finally gonna happen. But if you feel I'm hyping, don't get in on this stock! Cheers ppl! Toy