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Gold/Mining/Energy : KOB.TO - East Lost Hills & GSJB joint venture -- Ignore unavailable to you. Want to Upgrade?


To: Salt'n'Peppa who wrote (2182)4/9/1999 4:33:00 PM
From: Poseidonas  Respond to of 15703
 
Rick: Further to your post on WML---

WML press release sounds very positive for shareholders. It sounds like the following is going to happen:

1. they want to focus on their larger projects such as
East Lost Hills,
San Joaquin and
Hamburg/Chinchaga (where they are 50%-50% with Shell),

and

2. they will sell off all other smaller projects to generate funds instead of issuing more stock, thus avoiding dilution at current low stock values.

By doing this they may be on their way to a debt free scenario with all their focus on the larger producing projects with strong partners like Berkley and Shell.

Therefore,I don't understand the downgrade by the idiots at CanaCRAP either. Hopefully WML clears the air soon!

Any other thoughts




To: Salt'n'Peppa who wrote (2182)4/9/1999 5:03:00 PM
From: Bearcatbob  Read Replies (1) | Respond to of 15703
 
Rick, If I am wrong on this one I may never buy a spec stock again. Both BKP and EEE made nice moves today - I assume on gas price. I saw Inferno and I see the knowledge players speaking with their money - while being silent. I much rather hear money than hot air.

Have a nice weekend. Let us hope someone with a knot hole view of the stadium tells us the play by play.

Bob