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Gold/Mining/Energy : CARMANAH RESOURCES LTD ( CKM - TSE ) -- Ignore unavailable to you. Want to Upgrade?

To: Michael who wrote (240)	1/4/1999 8:23:00 PM
From: worldtraveller	Respond to of 269

Michael.....here is a great web page that provides information on Canadian and US stocks: fin-info.com I don't understand why this stock is so low. Over the past year they have raised over $75 million in capital from issuing stock. The last issue was in April for 4 million shares at $7.50 each. The shareholders equity in this stock MUST be well above the 37 cent mark. The last press release indicated that production was on the increase as they brought more wells on line. This stock has been grossly oversold. Your thoughts?

To: Michael who wrote (240)	1/4/1999 10:38:00 PM
From: Orwell	Read Replies (1) \| Respond to of 269

Most valuable asset is in Indonesia, but don't forget, they sold some of their Indo holdings to diversify into Venezuala for the very reason to minimize political risks. I believe the usual newswires carry their PRs, recent financial one from Yahoo is: biz.yahoo.com All things being equal, there is nothing different about the Carmanah story now (at $0.37) then there was at $5+ When investing, one is supposed to buy low and sell high. Why is it that people hang on at $5 because they are GREEDY for more GAINS, but don't buy at $0.40 becaue they are FEARFUL of LOSSES. In fact, investors should be using the opposite logic. Buying like crazy at $0.40 and selling like crazy at $5. O.