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Gold/Mining/Energy : Solv Ex (SOLVD) -- Ignore unavailable to you. Want to Upgrade?

To: Mama Bear who wrote (5992)	9/2/1998 2:15:00 PM
From: BRONCO BILLY	Respond to of 6735

Barbara Please feel free to call me Bronco.

To: Mama Bear who wrote (5992)	9/2/1998 2:39:00 PM
From: mqmsi	Read Replies (2) \| Respond to of 6735

Sid and Barb, This posting isn't a personal attack on either one of you, I'd like some answers. First of all, explain to me Sid, why is CPMNY whose only assets that I know of are approximately 247 barrels a share in oil shale, which there is NO known economical recovery process and not likely to be one within ten years, worth $.02 per barrel in the ground, when Solv-Ex, who has 480 equivalent units in TiO2 and alumina per share, is selling for less than $1.00? Using the reasons the investors use on CPMNY, Solv-Ex should be trading around $10.00, based on the lease alone!! To add to that, Solv-Ex has patented processes with an excellent chance of success. I also imagine the investors in CPMNY are taking the present value of the gains based on ten years into future, so the figure around $10.00 I quote for Solv-Ex is probably low. Secondly, what has transpired since the reorganization to make anyone want to sell the stock at the prices it is selling now? Of the stockholders who voted, 99.6% of them voted with the company. If you extrapolate that value, you would deduce that about 100,000 shareholders were not supporting the company. Since the reorganization, almost 800,000 shares have been traded at a ridiculously low price. Assuming that all of the 100,000 who were dissatisfied with company sold their shares, what caused the other 700,000 to change their mind? It makes no sense whatsoever with the support the company received from its investors, to sell at this volume and at this price, unless these shares are simply additional shorts. We will find out in the next few months. Regards, Mark