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Gold/Mining/Energy : Tandem Resources (TDM M )

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To: Philip Nolan who wrote (10)5/12/1997 2:37:00 PM
From: Kenith Lee   of 15
 
Hi Philip,

I spoke to the CEO, Mr. Hawkin last Friday afternoon. Looks like the MSE shut TDM down last Wednesday with minutes left to trade to protect brokerage houses who were shorting the stock. It appears the cats got out of the bag early on the kimberlite/diamond discovery.

Capital Research is the net buyer last Wednesday. It sold a few thousand shares last Thrusday/Friday. It has not sell any today. I asked whether any false hope of this find. He said that he know it is kimberlite bearing. We will have to waiting to see.

-KL
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