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Gold/Mining/Energy : Nuinsco Resources (NWI)

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To: Gary Nash who wrote (1975)3/20/1999 7:33:00 PM
From: Tom Cat  Read Replies (4) of 5821
 
Hi Gary,
1. My two cents on NWI is simple, I fail to understand why would the company release news that really ar not that meaningless for the understanding of what they have, a deepening of an old hole and a vertical hole on the same setting of 99-01.....we still do not know what is beyond south east.... I will be a bit more conservative and I'll say that you need at least 30 holes to start understanding what they got. So, my concern on NWI as stands to day is that if NWI thinks that they were good news (thus the halt)....then I am not holding my breath on the good news.
2. PRX...rumor is that the takeover deal was supposed to be at 1.20+, it was changed to a range of .80 to 1.0 thus the trading is boxed below .80, problem is, they may still review it to a lower value or ...not close at all. I am still on the sidelines, and as soon as I know which way is shooting I'll jump with all 4 paws....
Take care
TC
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