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Gold/Mining/Energy : Maracote International Resources (VSE: MCE) -- Ignore unavailable to you. Want to Upgrade?


To: chevalier who wrote (162)1/14/1999 2:34:00 PM
From: Mr Metals  Read Replies (1) | Respond to of 339
 
:-)

MM



To: chevalier who wrote (162)1/15/1999 7:17:00 AM
From: Dan P  Read Replies (2) | Respond to of 339
 
Ari:

I had an opportunity to speak with the IR, and review the release.
Indeed, the results are excellent, and promising.

I would say that to me, the most significant aspect of the stock's
behavior, was that there was no sell-off on the news, but the
stock actually rose.
On the other hand, the fact that the stock has held up after the news release is a very positive development
for the resource sector in general, as we may have entered a much
more favorable time-period for the resource sector in general.
A number of stocks are off their lows, but they have a number
of characteristics including an excellent project ( not just hope)
great management, the funds to develop the project, and of course
the promotion. Maracote fits all of these to a capital T. Thank you
Ari for bringing it to our attention.

I agree with you that we are at the beginning of a very prospective
resource play, and it makes sense to hold throughout the drilling
season, and for the longer term. For now, I will be buying on any
dips.

Regards

Dan