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Gold/Mining/Energy : Westfort Energy Ltd. (WT-T) -- Ignore unavailable to you. Want to Upgrade?

To: rampage who wrote (824)	7/18/1998 1:02:00 AM
From: M. Merriam	Respond to of 1288

Rampage, What do I think about the coming weeks? You know, early this morning, I was feeling slightly optimistic about Westfort. I was thinking, if it fell to the 1.00-1.50 range, that I might just pick up a few shares. I believed that there was probably some upward potential when the hole is completed. After hearing about Maedel's comments and reading that rebuttal, I agree that the trading story is a dead pony. Both Maedel and the rebuttal stopped my optimism dead in its tracks. Perhaps things are worse than even I had suspected. Or perhaps not. But the point is, who can tell? I think WT will soon have some more sunny day press releases. That was expected and is likely already priced into the market. What was unexpected is this new attack from a former supporter. I'm not sure that has been priced into the market yet. Having said that, I am still thinking of eventually picking up some shares in WT. Perhaps if the market cap goes below $10 million. What price would that be? How many shares are outstanding? I'll have to check. Mike

To: rampage who wrote (824)	7/18/1998 3:44:00 AM
From: bhg	Read Replies (3) \| Respond to of 1288

Hi rampage, The only info I can give about the houses is that they have been quietly accumulating shares of WT. None that I mentioned have an analyst assigned to WT nor do they have any immediate intentions of doing so. With regards to WT being dipped by the traders I don't know. All I have info on is that a stop loss for C$2.00 of 60,000 sh was executed on a day that trading in the stock was gap down. I didn't follow WT during that particular day because I was traveling. I believe that WT had closed the day before at C$2.10 and the high the next day was C$2.00. Weather traders dipped the stock or pre-market orders gapped WT down I don't know. Like I said I was traveling and I may have my figures mixed up. Do I? At any rate the info I wanted to get across was the stop loss being executed not any speculation of how it came to pass. Best Regards, Bruce