Peruvian Gold Ltd. PVO Message Board

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Gold/Mining/Energy : Peruvian Gold Ltd. PVO

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To: E. T. who wrote (199)	4/2/1997 10:43:00 AM
From: Robert	of 892

Cannacord did the PP at $4.50 (I think that was the price). They subsequently continued to recommend PVO to their clients, and when it crashed, they were curiously silent, surprise, surprise. They bought into PVO again a few weeks ago, and maybe they thought they could sell into its building strength; who knows. They obviously didn't expect the Bre-X fiasco, and so perhaps they are now dumping PVO in pursuit of more profitable prey (note my words carefully). It could be their clients covering margin positions, or it could be due to the delays that PVO announced, or it might be that they decided to raise some cash to pick up a few more leveraged bargains. They don't build companies, they just trade and trade and trade. Regards, Robert.

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