Pacific North West Capital Corporation-PFN on Alberta Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Pacific North West Capital Corporation-PFN on Alberta

PFN 7.540

-0.4%

Nov 13 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Elizabeth Andrews who wrote (1194)	4/26/2000 7:28:00 PM
From: C Bunka	Read Replies (1) of 2255

If I may add my two cents worth... Institutional investors and major mining companies rarely if ever buy into a new play after just a few holes. They just don't do it. Instead, they conduct DD by visiting the property; interviewing management; auditing drill results; and more. This takes time once the process has started. And I doubt the process would be initiated after just a few holes. As well, PFN has traded 8 million shares since March 1. Roughly 1 million per week - this is hardly illiquid since it represents over $20 millin in buying. Considering that the resource market is lousy, this is actually very good. The resource sector hasn't had a win since Argentina Gold, and, correct me if I am wrong, but I remember that you were saying similar things about ARP before it was taken out by Homestake at over $7 per share. There is nothing wrong with shorters. Nothing wrong with day-traders either. Both are necessary to the market and I believe the market is better for their existence. I also believe that everyone should declare their interest. For instance, I hold no position in PFN, long or short, direct or indirect. My wife has a very small long position. That's it! Simple, really.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next