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Gold/Mining/Energy : Gronarctic Energy Inc

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To: MARK LIZZI who wrote (11)	8/8/1997 7:04:00 PM
From: Wats	of 32

Hi Mark: I'm not sure what's going on...+/- 420,000 shares to 17.5 cents (up 3.5 pennies) today. I quickly reviewed some of the trades from brokerage houses, and it isn't one or two houses that are buying/selling. A whole bunch of brokerage houses are trading....so whatever's happening, quite a few people (count the both of us out!) seem to know it. Perhaps they have a jv possiblity on their Greenland property or maybe something is happening in the Czech. Rep......who knows? But if it keeps going up 3-5 cents a day for ....oh, the next 2 months, I'll be happy!! ;-)

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