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Gold/Mining/Energy : ARAKIS: HIGH RISK OIL PLAY (AKSEF) -- Ignore unavailable to you. Want to Upgrade?


To: Dan Lisman who wrote (9107)9/11/1998 4:43:00 AM
From: Edward M. Zettlemoyer  Respond to of 9164
 
Dan, I have not made any contacts with TLM IR. I think at this point the deal will be an all or nothing situation. Without the merger Arakis will not have the cash for the consortium cash calls and if that happens TLM will have 22 million at risk. I think trading may be a little sluggish because investors are holding off to be sure the TLM shakeout is over. TLM technicals are firming up, MACD, RSI and OBV as follows.
tscn.com

tscn.com

tscn.com

Hope this helps. I think things will eventually level out again around 2 bucks, but then again this is Arakis. Ed