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Gold/Mining/Energy : United Keno Hill, UKH, Toronto**** Opportunity Knocks!
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To: Bruce who wrote (94)4/1/1997 11:59:00 PM
From: Donald McRobb   of 1348
 
Hello Bruce: If I remember it was about 3 or 4 yrs ago when Mr Sveinson came out of the blue and became the major shareholder. He is the chief investor that recently pulled out. It may very well be an individual, such as he, that may come forth again. The problem is silver prices. That was the reason they closed last time. Silver just has not gone anywhere in the last few years. I guess Mr. Sveinson couldn't hack the wait. The present management seemed intent on getting things rolling last year. When they delayed the financing on Dec 17/96 I guess that was the clue all was not well. Interesting to note going over my records that a big (430,700) short position reared its ugly head in Nov/96. I am starting to wonder more about Sveinson's bale out?

Regards

Don
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