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Gold/Mining/Energy : Millstream Mines (MLSM)
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To: hugh thorne who wrote (185)8/20/1999 7:33:00 PM
From: Brumell  Read Replies (1) of 664
 
Hi Hugh,
Don't think we got a buy on rumour run up because there have been few rumours. If we are getting some selling, it's because of a lacklustre news release.

If you take the news release at face value, they've been drilling at a snails pace and getting mediocre results. Going from their own numbers, it's been taking about 4 weeks for a drill to complete a branch hole while a third drill has apparently sat idle for a month or so. This is somewhat contrary to what was indicated in earlier news releases and the results less than implied by calls to MLSM I.R. It seems odd.

Question is, "do you take the news release at face value?" Who knows? At this point, MLSM is my first serious pasting of the year. Some folks are selling, but think I'll hold. Best explanation I can give is, "what the hell, why not?"... :-))

Bob
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