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Gold/Mining/Energy : Pacific Rim Mining V.PFG

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To: Shirley Owen who wrote (4754)5/25/1997 7:47:00 PM
From: Robert   of 14627
 
Hi,
I have an acquaintance who is CEO of a small Alberta gas company. He is also president of a major corporation in edmonton, and a former VP of an international oil company. He has said that he is selling the company rather than look to investors or financing as a way to grow. He knows the industry and players very well, and says that investors have, in a very real sense, deserted the juniors, and that the resource sector is near dead. Firms like NB are diverting their clients away from juniors and back into the blue chip market bull run, where all of the major growth is occurring. I don't know specifically the reasons for NB trading PFG, but perhaps it is end of the month clearing, and a move to close out the more speculative issues that clients have previously been exposed to. Just an opinion on my part,

regards,
Robert
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