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Gold/Mining/Energy : Bearcat (BEA-C) & Stampede (STF-C) -- Ignore unavailable to you. Want to Upgrade?

To: Jim P who wrote (1669)	10/13/1998 11:56:00 PM
From: Ed Pakstas	Respond to of 2306

Jim... Don't know... Never paid much mind to multiples on "projected revenues", especially these juniors with no previous earnings of any substance... I think that with the type of overall market that we are in at present, multiples mean diddly squat when it comes down to an individuals profits and losses... These gyrations in the major indexes tell me that investors are taking a profit whenever they can get one and don't give a damn about long term holds... The ones that are hanging on for dear life and are in for the longer term, are the ones that paid for their shares at the top and have not as yet averaged down their costs in a effort to minimize their loss's... Have a feeling that within the next month or so, we are going to see some pretty good bottom fishes, with cash in the bank, instead of projected cash flows... To many "if's" with projections and no track records to back them up... ...ed

To: Jim P who wrote (1669)	10/14/1998 12:23:00 AM
From: Ed Pakstas	Respond to of 2306

Hey Jim... A couple of bright spots... It's good to know that a couple of juniors can actual do projections based on potential/actual pay zones... - The fact that they will have cash flow is favourable, as they will be less dependant on private placement funds, which in turn will cause that much less dilution in the stock (as if they aren't diluted enough already)... I'm sure I could come up with a few more, but it's way past me bed time... Age thing, u know... ...ed