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Gold/Mining/Energy : MINK MINERAL RESOURCES
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To: Bill Schaffer who wrote (539)7/24/1998 8:37:00 PM
From: Jim Andrews   of 637
 
Hey Bill good to see your print.I believe dollar wise orly & or close friends have sold a lot more than they have replaced to date.All of orly stock is most likely restricted for the moment in the form of private placements with the right to buy another sh.The options are the most likely place to lower to fatten up the insiders wallets.I BELIEVE THERE IS NO HURRY TO BUY THIS COMPANY IT PROBABLY HAS ONE OF THE LARGEST OVER HANGS ON THE V.S.E. Not to mention most likely a VERY large debt load at this time.I will be surprised if they can afford local salaries and rent without serious additional dilution.They will need fairly major news from Ashton before this stock will break out to new levels.I would tend to wait for significant volume and results issued from Ashton before I would move to wards purchasing more stock.This is clearly a penny stock now and would need as Rose suggested to improve the board and mgt with personnel more experienced with mining and basic financial expertise before the funds would most likely consider re-entering the MINK market place. IT is my belief the only volume in here to date is the odd new share holder purchasing and a whole bunch of optimists averaging down and that game is just about over.Regards Jim
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