Replies to post #7537 on Alkane Inc (ALKN)

[hockeypond]

Dr., WACKO and Sorta....I will combine answers to all your questions:

1. Gold is $416 next resistance $420 Jim Sinclair one of the "experts" in gold who called that last run up in the late seventies and early eighties sees gold at $450 in January. I would visit his site every day he has short updates and I would follow this guy regarding gold, he knows his stuff (jsmineset.com).

2. 144 shares are "restricted" shares directly from the company and you need to hold for at least one year, therefore, the discount in price at .11....I have both restricted and un-restricted. I believe, 2004 will be the key for MYNG so instead of watching it go up and down I will just buy low at .11 and hold them until the fireworks happen, no panic the timing should be good. BTW, MYNG has been a very stable stock as you can see from the low's and highs for 2003. If we get movement over .30 (resistance) then it should start to move.

Anyway, I thought there were more questions but this is all I remembered.

[hockeypond]

OT....MYNG in my opinion next couple of weeks for reserves announcement.... read their latest news on the status of the reserves. They are waiting for a license and it takes two weeks so that would be mid-January, in my estimate. Check the chart I doubt if we will go lower than .19 but you never know if it does it will be very minor.