V.FWY (FENRF) - FENWAY RESOURCES Message Board

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Gold/Mining/Energy : V.FWY (FENRF) - FENWAY RESOURCES

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To: donald sew who wrote ()	11/1/1996 6:33:00 PM
From: Adrian Elbers	of 15

Don, It's good to see you've done your research on FWY (and you'll profit from it). But one thing you failed to mention is the huge short position out on this stock. The VSE official short position can sometimes be seen on the Daily Market Report at the stockgroup website - it is currently in excess of 200,000 shares. But apparently there is a LARGE broker unsecured short position shared by a few of the brokerage houses. The beauty of it is that Fenway only has around 2 million shares trading in the public float, the rest of the 7 million shares outstanding is held very tightly. Once FWY clears the environmental analysis, which should be soon, the financing and construction shall begin- and that's when the LARGE short posotion will be SQUEEZED into poverty. It will be huge, and should definately be hitting Canada'a mainstream business media. I think the share price will take off like a rocket- there just won't be enough supply. I'm looking at around $20 a share by the time Santa comes down my chimney (and I feel that's being conservative). Anyways, it's nice to know that there are other small investors out there that know about this gem. Enjoy the ride!

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