BANDORE Message Board - Msg: 1256269

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Gold/Mining/Energy : BANDORE

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To: Rick G. who wrote (464)	4/23/1997 10:02:00 PM
From: arnie rabin	of 1692

Hello. I have been folloeing this thread for over a month now. I have been holding BAN for over a year and half. To-days selling, mosst of it came from Standard Securities. 15k shares went at 3.90 on the open market and 50k was a cross at 3.90. I feel that alot of us, including myself have missed the boat . Will we ever see a $9.00 -$12.00 stock again? I have my dbouts in the short term unless the reserve callculation come in at 2+million oz. If you calculate $50.00 US per oz. in the ground @ 1million oz you have a 50 million valuation divided by the amount of shares outstading ( approx. 22mil. ) The value is only just under $2.50 per share US. or ~$3.50 Can. Does somebody know the resrves at this piont and is selling? or is just part of the market reaction to all juniors and spec. stocks arnie

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