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Gold/Mining/Energy : Aurora Platinum Corp, ARP

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To: jpthoma1 who wrote (128)2/7/2001 9:37:51 PM
From: Brumell   of 157
 
Hi JP,

Haven't heard much of anything about ARP. A couple weeks ago there were rumours a large batch of restricted stock would soon become free trading and Lundin confirmed that in a NR at CSW.

The stock was then at $5.60 and naturally newsletter writer Lundin recommended buying it - although he admitted owning some of this cheap stock. Reminded me of a boxer trying to hold the opponent up with one hand so he could nail him with the other. These guys are priceless.

Like you I've heard there's activity at both Midrim and Foy. They've been drilling both properties so must have results by now. Suspect they'll possibly hold until the market reaches some equilibrium. Just a hunch - who knows?

Looks like cheap stock hit the market today. There were larger chunks on offer - up to 10,000 shares. On the plus side, there is a sizeable short position. Haven't seen latest numbers but it won't have shrunk much recently.

This stock could turn on a dime. Finding the dime is the problem. My wild guess is somewhere between $3.50 and $4 bucks but again who knows? These folks play a rough game.

Bob
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