InvestorsHub Logo
Followers 27
Posts 4609
Boards Moderated 0
Alias Born 04/30/2005

Re: mikeyrags post# 970

Saturday, 10/08/2005 1:47:35 PM

Saturday, October 08, 2005 1:47:35 PM

Post# of 42604
The company's association wit the Shaw group seems to be as a go between Shaw and the bolivia government gas company to build gas processing plants in Bolivia. It appears that Jaime is saying in his Friday release that he can now offer Bolivia a 300 miliion dollar investment via Shaw to build these plants. If Fmnj has the political clout with the new man in charge, this can be a major source of big revenue for the company. Jaime is going down to Bolivia at the end of this monthHope we can have a nice November surprise. I am considering further investment at these levels. The selloff on Friday, when the uninformed who panic bought based on an announcement they didn't understand, got bagged at the .0045-.0052 level, may turn out to be positivefor shareholders. At the very least, it got some attention and hopefully we wll remain IN PLAY with a much higher average volume before some actual good news gives the street reason to buy this pony. Definition of a long term capital gain: a short term trade that didn't work out. Hopefully the company's escapades in Bolivia will turn out better than Butch Cassidy and the Sundance Kid.