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Gold/Mining/Energy : MILL CITY MIY-V

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To: Dennis (Hijacked) who wrote (141)4/18/1997 1:20:00 AM
From: bill   of 707
 
Don't despair. I got into this sucker at 69 cents after the big
run up on the Cuban gold find. I've been watching the NWT play
with CAV and TQY. Neither stock has been going anywhere. They
made a bad call and wasted money drilling a pipe that already
had previous poor results. But, today, CAV and TQY both had
block trades and CAV, for the first time, looked strong. If
just one had a block trade or was up, I'd put it down to any
nubmer ofthings but when both have block trades, my
interest goes up. If we see MIY volume and price move up
tomorrow and CAV and TQY hold their price or better move up
and even better with some big buys, we'll know that something
is happening. Because CAV can take such a large percentage
of the property, and is the operator, I expect it to lead the
way.It may be a false alarm, a coincidence that they each
have something happening on some non jv'd property but it's
at least worth keeping an eye on.
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