orriente Resources Inc CTQ
Shares issued 21,387,832 Mar 31 close $2.60
Fri 31 Mar 2000 In the News
John Kaiser, writing in the Bottom-Fish Action for Feb. 28-March 17, says
Corriente Resources, then $2.25, came alive last week in what appears to be a
good example of dot-com profits being recycled in the junior resource sector
and some old-fashioned leaks from the field. Mr. Kaiser recommended the stock
in December, 1998, at 75 cents, and in November, 1999, at 81 cents. Earlier
buy tips were December, 1997, at $1.26, and October, 1998, at 58 cents. In the
current report, Mr. Kaiser says when the stock started to move in late
February, he contacted Ken Shannon, who had no idea why it was no longer at
bottom-fishing levels. The rumour at the Prospectors and Developers
Association of Canada convention was that David Lowell had taken a good
portion of a Corriente financing at $1.25. Mr. Lowell is operating the
exploration program on Corriente's Zamora copper-gold package in Ecuador. Mr.
Kaiser says that because the stock's behaviour suggests someone is cheating on
news of a new discovery, he is treating Corriente as a speculation cycle hold. |
