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Gold/Mining/Energy : Consolidated Tako Resources (V.CKR was TOR)
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To: Terry Wittchen who wrote (3)4/29/1997 1:01:00 AM
From: Adjuster   of 87
 
Terry

For your info, the Briex fiasco indirectly affected TAKO.

There was a broker in Ottawa, who was reputed to have about 300,000 shares of Briex, alomg with other holdings.

In "short" he had a rather serious margin call which included his Ferrari, house etc as well as over 1,000,000 shares of TAKO.

These were dumped by Nesbitt Burns to recupe some funds, as well as ECU Ecuador Gold (500,000 shares) which promply fell from 1.20-30 to .60.

I believe the bleeding is over, and the price is hardly risky.

Possible to see a promotion and news in the near future.

Ed
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