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Gold/Mining/Energy : DUMONT NICKEL (DNI-M)
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To: Brumell who wrote (158)6/26/1999 12:20:00 PM
From: Barry Cox  Read Replies (2) of 236
 
Thanks for your suggestion, doing full due diligence is always a good idea.

It was there that a Nov 17 document said Dumont had 17 holes selected at Lac Raglan and were planning to drill in Apr-May. This plan was confirmed in the Jan 7th announcement about the successful $1,000,000 financing and again on Feb. 12. I know the timing was later moved to late June and I don't find this a problem.

I first started looking seriously at Dumont after their Feb. 19 announcement that they had doubled their Raglan holdings. The fact that the largest shareholders of CZZ and DNI are the same people also doesn't bother me as the Nov 4 amending agreement stops the sale of nsr on these properties as long as Dumont has an interest in them. What does concern me is the mention of some problem with ownership of the claims that doubled their holdings. I wonder if this is what that poster on Stockhouse is talking about.
If things turn out wrong I wouldn't like to find they had half as much land as I thought they had.
I would have posted this question on Stockhouse Bullboards but I don't have posting access there, and I agree that the posters on SI are more knowledgeable.

I am not all that familiar with the Quebec juniors as I have avoided that exchange for a number of years, but if a Junior on the VSE received a large chunk of money on June 3 they would be trumpeting the news on June 4th and if plans weren't ready, announcing that they were in the process of making plans to make plans.

When I have my money on the line I like to ask as many questions as I can.

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