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Gold/Mining/Energy : Central Pacific Minerals & Southern Pacific Petroleum -- Ignore unavailable to you. Want to Upgrade?

To: SliderOnTheBlack who wrote (22)	7/5/1998 8:45:00 PM
From: PuddleGlum	Read Replies (2) \| Respond to of 90

Slider- Followed you here from Strictly Drilling. I haven't done any research on these companies besides reading the posts on this thread, but my initial reactions are: 1) This is too good to pass up. 2) If it sounds to good to be true, it usually is. I've heard stories like this before, such as some company that has tons of platinum and palladium sitting in the ground somewhere in Nevada... if only they can gather the capital to sift through all the low grade dirt, er... ore. And do you remember ABACF? They had access to some big reserves off of West Africa, and I nearly jumped in at $11. Last I saw, the stock was around $2. Perhaps the agreement with SU is just what the doctor ordered, the sugar-daddy with all the money, and since there's so much oil to go around everybody ends up happy. But most of the time in deals like this the smaller partners get the shaft. I'll keep checking on this opportunity, though, since I am very bullish on oil and gas prospects. Hope all you guys & gals make a mint. pg

To: SliderOnTheBlack who wrote (22)	7/6/1998 1:18:00 PM
From: Thomas M.	Respond to of 90

CPMNY and SPPTY are sister companies, and to my knowledge the fundamental difference simply comes down to the conversion ratio (2.7:1). Since CPMNY is at a discount, that's the one to buy. I'm speculating that the stocks will approach their 52 week high early next year when Stage I news comes out. Long term, I have no projections, though I look at the research reports for guidelines. Again, crude prices are the only thing that worry me about this stock. If China devalues this autumn, the oil patch could get knocked for another big loop, this stock included. Tom