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Gold/Mining/Energy : Games Trader -- Ignore unavailable to you. Want to Upgrade?

To: hsg who wrote (6)	1/13/1999 12:50:00 PM
From: Skipper	Read Replies (3) \| Respond to of 1239

I really like what I have seen so far. Based on the numbers presented the stock should be valued at $2.50 per share (10x earnings with adjustments for one time charges to N.I. figures reported. A multiple of 15x would suggest a stock price of $3.78/share. Should the company complete a major acquisition (the acquisition slated to close at the end of Jan/99 is minor) then a higher multiple would be in order. My understanding is that the company is looking at several potential situations at this time any of which could materialize very quickly. I have been really impressed with Peter Kozicz. He has a game plan that he is sticking to and has always been very forthright in his answers to my questions. Please note that this company's management is now like night and day vs. the Tecmar/Legacy management team fiasco that many of us have had to endure. I believe the next few months will be interesting and look for the stock to break $2.00 very soon. There are apparently two analyst reports coming out shortly from Yorkton and Thomson Kernaghan. Let's see what they think. As an aside, it is interesting to note that Kernaghan was buying at $1.95 yesterday. Regards, Skipper