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Gold/Mining/Energy : Canadian Oil & Gas Companies -- Ignore unavailable to you. Want to Upgrade?

To: Craig C who wrote (5267)	7/24/1998 1:53:00 AM
From: Kerm Yerman	Read Replies (1) \| Respond to of 24905

Craig / Carmanah Reources Carmanah is one of those damn junior international companies which has fallen out of favor due to a recent huge drilling disapointment. The company has to regroup and further pursue their acreage exploration. Don't count them out yet for operating peers still believe Carmanah's acreage is promising. One analyst for a large Canadian institution projected that shares would go to either $20 or in the dumpster - dependent upon recent drilling results. Unfortunately he was proved right, to the downside. The analyst liked Carmanah's potential at the time of the comment. One must consider CKM as a very high risk situation but with true underlying assets to be successful. I'm giving them one more chance before I lose my patience.