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Gold/Mining/Energy : Alcan Aluminum (AL-TSE) -- Ignore unavailable to you. Want to Upgrade?

To: Step1 who wrote (16)	7/10/1998 12:16:00 PM
From: Don Gordon Lee	Respond to of 33

Mr Bougie Presedent and CEO of Alcan has a meeting at the ST. Regis in New York to discuss 2nd quarter earnings and the outlook for the company on the 15 July. I bought this stock at $48. My broker has a 12 month target at $45. I have to decide if I should hold or get out. I think it is going to take years for it to recover.

To: Step1 who wrote (16)	7/27/1998 1:08:00 AM
From: Step1	Read Replies (1) \| Respond to of 33

got this from the Economist... Sounds like a little patience is in order... >> "The price of aluminium on the London Metal Exchange has dipped below 1,300 $ a tonne, a four year low. At the same time as new sources of supply are coming on stream, Asia's economic crisis has weakened demand in the region. Aluminium is now piling up in warehouses in Japan, as recession has hit the country's construction and car industries. China used to ship 90% ot its exports to other Asian countries, but it is now expanding exports to Europe and America. It has scrapped export licences and may become a net aluminium exporter for the first time this year. Russia is also expected to step up exports to earn foreign exchange, though many of its smelters are running at a loss." <<