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Gold/Mining/Energy : T.ITE: iTech Capital (TSE) -- Ignore unavailable to you. Want to Upgrade?

To: keith massey who wrote (116)	3/2/1999 11:56:00 PM
From: keith massey	Respond to of 5053

Latest Short Postion (from Carlson Online) 1999-02-15 balance - 0.000 1999-01-30 balance - 2,500 1999-01-15 balance - 5,000 From the May 1998 Annual Report on Sedar The directors of Jordex own 1,857,000 options between .66-2.35 Brian Hinchcliffe owns 2,274,000 shares The Carlson Online database tracks insider trades since the beginning on 1998. According to the database the only insider activity has been Paul MacNeill buying 100,000 shares at .43 on 1998-07-22. Added to this the 800,000 shares from Hamilton and the 500,000 from Mr. C and the insiders now have around 3.7 - 3.8 million shares. Not a huge chunk of shares but if they run up the price those 1.8 million options will pay off very nice. Note: insider trades (including the Carlson database) are normally about 3 weeks out of date so who knows what the insiders have been doing during this month. Best Regards KEITH

To: keith massey who wrote (116)	3/3/1999 12:02:00 AM
From: Keith Minler	Read Replies (1) \| Respond to of 5053

Hi Keith Other than the possibility of an artificial price cap I see no major problems.(Indeed if there is a cap it means someone wants to accumulate cheap shares in anticipation of a good payday!!) The price may well stay down because raw cash is not very sexy. There are a few cash rich juniors out there and they too have languishing prices. Markets buy the "sizzle-not the bacon" (i.e. Internut stocks). An investor looking at Jordex has to know that good cash cows are hard to come by; and usually come at full value. Joint ventures and development projects; all carry inherent risks. Particularly at this stage when nothing is known about the quality, type, direction of any future ventures. If they can find a great opportunity, (cure for cancer or whatever), they still have to demonstrate the ability to succeed financially. When JDX announces their acquisition I will be looking hard at it and be ready to cut and run; as soon as the hype starts to die down. It would likely take years to demonstrate to a skeptical market that they can succeed. Later Keith