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Gold/Mining/Energy : Flag Resources (FGR.A A)
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To: Natedog who wrote (2564)3/5/2000 2:15:00 AM
From: ali  Read Replies (1) of 4269
 
Hi nathanc,
good work to bring up these NR's to refresh the minds.But what really will cause a ruckus is when the assays will come out for the last hole which were sent to the assay office yesterday and could be with the other assays plus the step out holes.A 50 feet step out hole is being drilled and is also in heavy mineralization already.What do we desire as shareholders? Platinum/palladium/gold /nickel/copper/cobalt/zinc/lead/scandium/silver and maybe other rare earths too.Flags holdings are all connected with the exception of the park property which is very close and a great gold property if the gold ever shows any strength.
Flag has assembled the most promising mining properties in Canada and close to a developed mining district with all the
necessary infrastructure in place nearby.
That's why I put my money where my mouth is over the last 2 years, because this is where the action will be.
Ahem about the float.The float is much smaller then many people think.There are 14 million shares outstanding.5-6million may be owned by the board and glb,
another 3-4 million is owned by less than 25 people.that may give you a free float of 5 million at the most.
With glb 17-18 million shares, there may be a larger float,
but still not more than 8 million.The rest is tightly held by longtime shareholders and I don't think they would let go easily unless the price is right.What is the right price?
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