To: M. Gunther who wrote (196 ) 7/9/1998 1:03:00 AM From: Doran Oliver Read Replies (1) | Respond to of 208
It is unfortunate that you were not able to attend the Annual General Meeting held in Calgary. My family and some other co-investor friends (with a banking background) traveled 9 hours to go to the meeting. We have all been in this stock since the days when it was traded as Massey Mercantile. It has been a roller coaster, and we had some serious questions to ask of the Company. The official meeting was short, orderly, and to the point. After the official part of the meeting, Charles Cochrane provided a background to the company operations from the days of Massey Mercantile to today. He then opened the floor with an informal question and answer period. Many hard nosed questions were raised from the floor (including ours, so I didn't even have to ask). I cannot speak for those from the other parts of the country, but from their response to the answers--they were satisfied. My own friends were also very satisfied with what we saw and heard. Subsequent to the informal Q and A session, most of the attendees hung around drinking coffee and discussing the session. The mood was bouyant. This stock has had its share of ups and downs. At times it was unjustly promoted by "undesirables", was halted by the VSE and then reinstated when the "undesirables" were evicted . After that,this stock has had many rumblings on this chat line by those very same "undesirables". The result is that we are all very cautious now about who is really speaking on the chat line, and wondering what authors real intents are! I have been up on this stock, and I have been down. Today is a better day for this company than it has ever seen. Lets see if the next quarter brings production on line. If so, then todays price would prove to be the best buy of the decade. Our friend Mr. Ady is right, --call the Company--, they have ALWAYS returned my calls. I believe that the Company is in a better position today than it has ever been before. The Company have strong and reasonable plans for real production, based on the realities of operating in that part of the world.