June 15, 1996

As was the case in the December 15/95 issue, the following is a semi-annual report on the individual stock performance (or lack of) of DDIN picks.

AIT Corporation (AIV on TSE) Nepean, ON, Tel (613) 226-7800. Price June 14/96: $6.00, 52 week range $17.62-6.00. This has been a disaster. Hi-tech company, now searching for new product, was mentioned on Nov 17/95 at $13.50. It's going to be a long haul.

American Power Conversion (APCC on NASDAQ) West Kingston,RI, Tel (401) 789-5735. Price June 14/96 $11.50, 52 week range $26-8. Mentioned at $12 on Oct 15/95, slowly on the comeback trail.

Ashanti Goldfields (ASL on NYSE, AHD on TSE) Accra, Ghana Tel: 233-21-776-501. Price June 14/96:$18.50 52 week price range: $25.75-17.50. Mentioned at $22.25 on April 15. Digesting 3 recent acquisitions. Major gold producer appears undervalued.

Ballistic Energy Corp. was mentioned at $4.60 on Feb 15/96, stopped following on April 15, being taken over at $5. Big deal!

Bio Chem Pharma Inc. was mentioned on Oct 15/95 as being overpriced at $45. If that was true, now even more overpriced at $59.50 on June 14/96. However, favorable switch into Hyal (which see) was proposed.

Birim Goldfields Inc. (BIRM on CDN-OTC) Montreal,QC Tel (514)393-8611. Price June 14/96:$3.00, 52 week price range:$4.10-0.50 Mentioned at $0.80 on Nov 15/95. Junior exploring for gold in Ghana, just made interesting acquisition next to producing Ashanti.

Bonus Resource Services Corp. (BOU on VSE) Calgary,AB Tel: (403) 263-6777. Price June 14/96 $0.70 52 week price range $0.84-0.25. Potential growth company in the oil & gas servicing industry.

California Microwave Corp.( CMIC on NASDAQ) Sunnyvale CA Tel: (408) 720-6229. Price June 14/96: $16.50 52 week range: $35-13.50. Mentioned at $15 on Jan 15/96. Poised for rebound.

Cambior Inc. (CBJ on TSE, ME and Amex) Montreal QC Tel: (514) 878-3166. Price June 14/96: $17.70 52 week range: $22.25-12.88. Mentioned at $13.75 on Oct 15/95. Significant gold producer with an emerging major mining venture in Peru.

Chai-Na-Ta Corp (CC on TSE, CCCF on NASDAQ) Langley BC Tel:(604) 533-8883. Price June 14/96: $3.05 52 week range : $3.90-2.00 First mentioned at $2.90 on Aug 28/95. Co. would make more money just farming ginseng root, but move into downstream marketing, while expensive,is wise in the long run.

Cinram Ltd. (CRW on TSE $ ME, CNRMF on NASDAQ) Scarborough ON. Tel:($!?)298-8190. Price June 14/96: $29.90 52 week range:$31.75-16.00é Mentioned at $19 on Oct 15/95. Near term fully priced, but good long term growth.

Ensign Resource Services Group (ESI on TSE) Calgary AB Tel:(403) 262-1361. Price June 14/96: $10.00 52 week range:$11.10-4.45. Mentioned at $8.50 on Feb 15/96. A factor in servicing the oil patch industry.

Franc-Or Resources Corp. (FOR on TSE) Montreal QC Tel: (514)861-5323. Price June 14/96:$1.10 52 week range:$1.70-0.25. Mentioned at $0.55 Aug 28/95. Junior continuing its methodical gold exploration program in French Guiana.

Freeport McMoran Copper & Gold (FCX.A on NYSE) New Orleans LA Tel::(504) 582-4000. Price June 14/96: $30.50 52 week range:$34.88-20.37. Mentioned at $25 on Oct 15/95. Major Indonesian copper & gold.

Geographics Inc. (GGI on TSE & GGIT on USOTC-BB) Blaine WA. Tel:(360) 332-6711. Price June14/96:$9.00 52 week range: $9.40-2.00. Mentioned at $6.75 on Nov 17/95. Expanding stationery line in Europe.

Getty Copper Corp (GTY on VSE) Coquitlam BC Tel (604) 931-3231. Price June 14/96: $1.30. 52 week range :$2.80-1.08. Mentioned at $1.73 on May 15/96. Drilling copper bet in Highand valley of BC. Lower copper prices and Sumitomo fiasco don't help for time being.

Golden Knight Resources Inc. (GKR on TSE) Vancouver, BC Tel:(604) 689-3846. Price June 14/96:$8.40. 52 week range:$9.62-6.75. Mentioned at$8.20 on May 15/96. current Canadian gold producer expanding into exploration in West Africa.

Golden Star Resources (GSC on TSE & ME, GSR on Amex) Denver CO Tel:(303) 830-9000. Price June 14/96 :$18.50 52 week range:$26-6. Mentioned at $7 on Aug 28/95. producing & exploring gold in South America & Africa.

Goldcorp Inc (G.A and G.B on TSE &ME: GG.A & GG.B on NYSE) Toronto ON Tel:(416) 865-0326. Price June 14/96 : $22 52 week price range:$28.50-13. Mentioned at $17.50 on Jan 15/96. Current Canadian gold producer encountering substiantial additional reserves at depth.

Hyal Pharmaceutical Corp. (HPC on TSE) Mississauga ON Tel:(905)625-8181 Price June 14/96:$15.35 52 week price range:$18.00-4.50 Mentioned at $7.75 on Aug 28/95 as switch from Bio Chem Pharma. Steady stream of new product coming from their medical research.

iStar Internet Inc. (WWW on TSE) Ottawa On Tel:(613) 780-2200 Price June 14/96: $6.65 52 week range:$22-5.50. Mentioned on Jan 15/96 at $11.50 as being fully priced. Now at these price levels, may be shaping up to be a long term investment.

Malofilm Communications Inc (MFM.A & MFM.B on ME & TSE) Montreal, QC Tel:(514) 844-4555 Price June 14/96:$6.50 52 week range:$9-4.35. Mentioned first at $5 on Aug 28/95. Current flip flop at management level. fundamentals under review.

Metrowerks Inc. (MWK on TSE&ME) Austin TX Tel:(512) 393-8611. Price June 14/96:$16.40 52 week range: $21.50-4.75. Mentioned at $16 on Jan 15/96 as being overpriced. Ditto now as well.

Newcourt Credit Group Inc (NCT on TSE) Toronto ON Tel:(416) 981-9500. Price June 14/96:$32. 52 week price range: $34-16. Mentioned first at $19.25 on Nov 17/96. Recent acquisition of AT&T Capital adds to long term growth. A 15 multiple to 1997 earnings equates to $38.

Nobility Homes Inc (NOBH on NASDAQ) Ocala FL Tel 1-800-476-6624. Price June 14/96: $20 52 week range: $21-6.12. Mentioned at $9.75 (adjusted for 3 for 2 split) on Oct 15/95. Continues to report good earnings from modular housing.

NQL Drilling Tools Inc. (NQL.A on TSE) Nisku, AB Tel:(403) 955-8828 Price June 14/96:$3.05 52 week range:$3.75-1.93 Mentioned at $3.20 on May 15/96. Neat co. involved in servicing the horizontal & directional oil & gas drilling industry with downhole tools.

Normabec Resources Ltd. (NMB on ME) Montreal Qc Tel (514) 861-6679 Price: June 14/96:$1.35 52 week range:$2.01-0.35. Mentioned at $1.50 on May 15/96, recently traded to $2. Stock is a speculation on possible success in mineral exploration in South America.

Planvest Capital Corp (PLV on TSE) Vancouver BC Tel (604) 685-6288. Price:$1.55 52 week range:$1.65-0.95. Mentioned first at $1.07 on Jan 15/96 appears well poised for additional long term growth.

Procoloro Resources Inc. was first mentioned on Aug 28/95 when trading at $1.05. Coverage was discontinued on April 15/96 when trading at $3.35 and judged to be overpriced.

Royal Plastics Group (RYG on TSE, ME & NYSE)Weston ON Tel (416) 749-5131. Price June 14/96:$20.60 52 week range:$22.88-16 First mentioned on Oct 15/95 when at $18. A favorite of Paul Stephens of San Francisco-based Robertson Stephens.

Strike Energy Inc. was first mentioned on Aug 28/95 when at $3, was removed from the list on April 15/96 when trading at $3.40 and the object of a takeover by Tarragon Oil & Gas. Big deal!

Transat A.T. Inc. (TRZ on ME & TSE) Montreal QC Tel (514) 476-1011 ext 3028. Price June 14/96:$23 52 week range:$24.85-2.50 Mentioned at $10.50 on Feb 15/96. Near term fairly priced, long term hold for growth.

Zoom Telephonics Inc (ZOOM on NASDAQ) Boston MA Tel: (617) 423-1072. Price June 14/96:$17.25 52 week range:$ 27-6.75. Mentioned at $17 on Nov 17/95. Appears undervalued.