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Gold/Mining/Energy : Major General--MGJ -- Ignore unavailable to you. Want to Upgrade?

To: Rocket Red who wrote (1129)	1/26/1999 6:23:00 AM
From: Paul Bilecki	Read Replies (1) \| Respond to of 1707

How far will the stock go? I can speak about my predictions for Ascot only. Guess: up .20 cents to .50 cents. By April: .75-$1.00 That is a very good question. Many of us have been spoiled with winspear's results and high macro counts, however, these results should make the stock rise over the next few months for the following reasons: * the surface of these pipes has just been scratched; * I believe this material was recovered by the use of percussion drills which might tend to produce high micro counts due to crushing; * pipes likely in tact; * chemistry appears to be excellent; * core drilling is just three months away, no point in selling off and buying back when stock is going to rise between here and then; * it appears that the diamonds are being measured in a screen mesh in two directions not just one; * AOT warrants are for .30 and .35 for insiders, price of AOT is approximately the same; the price of this stock will be .75-$1.00 when they drill so now is the time to get in; * other potential pipes already identified for drilling and flying some more to find more; * Since the pipes are near surface and appear to be intact, an inexpensive drill program will reveal a huge amount of information. However, size of pipes is unknown. As well, the size of this pipe field is unknown. In my opinion, this is an excellent play. I doubt very much if this stock will come down after hearing these results, nor do i think it is going to rocket to $1.00. I believe, Smart money is silently moving into this play and has been for sometime.