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Gold/Mining/Energy : Millstream Mines (MLSM)
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To: hugh thorne who wrote (574)12/27/1999 10:39:00 PM
From: Brumell  Read Replies (1) of 664
 
Hi Hugh,
The MLSM story grows more confusing. It's now so ridiculous you have to wonder if it might not be a buy again.

The NR about Teck says zip and appears just the bare minimum to satisfy the exchange. Teck will apparently have the right of first refusal if MLSM ever decide to sell the Potter property. No price is given. For that consideration, Teck will apparently offer advice which is nice. Guess they'll meet from time to time over coffee and sandwiches. Teck are not putting any money into anything and are committed to nothing.

On the face of it, doesn't sound like something to create heavy trading volume but something did. MLSM has been a heavy trader recently. If there was a lot of selling, there was also a lot of buying.
Are they still drilling at Potter???
Is HDG still involved???
Two big questions and their answers may provide the explanation for recent activity. Needless to say, I haven't a clue.

If you go strictly by the written record from MLSM, HDG are still involved.
If drilling results prompted market action, neglecting to mention them in NR would be an incredibly callous act. However, if they had only visuals and not assays, they might claim that as an excuse not to mention anything.

The MLSM gang are something else, Hugh. No one can ever accuse them of being too transparent... <ggg>

Regards,
Bob
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