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Gold/Mining/Energy : Tusk Energy (TKE) -- Ignore unavailable to you. Want to Upgrade?

To: RIK who wrote (980)	10/21/1998 3:05:00 PM
From: Michael M. Cubrilo	Respond to of 1207

RIK, I agree completely with your comments. I also do not have anything against the Management that, as you described, "generated a prospect, put a respectable land package together, etc..." Geologists generate prospects all the time, that is their job. They don't all pan out. I respect the people who have the guts to go out there and try to make something and generate prosperity. What I also value is the truth, and that is where the stock market, share prices, and the whole "junior game" sometimes falls apart. Most investors probably can't handle the truth and fall in love with a stock or a story. That is why I play the chart.... and follow the junior stock cycle at its various stages and try to stick with the facts. I still stand by my statement of many months ago that the POS for a rank exploration well (being an ECONOMIC success) is about 10%. The market right now is being brutal on companies with high P/E Ratios. Tusk is a real company with real production.... the market is adjusting its value at present. The price will turn around when oil and gas stocks come back into favor. Unfortunately, I do not feel that world oil prices will turn around for quite some time. Perhaps 18 months in my estimation. Mike