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Gold/Mining/Energy : CANADIAN OVERSEAS EXPLORATIONS (CVC.V)
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To: dragonden who wrote (42)6/12/1997 7:40:00 AM
From: Rook   of 113
 
That's great. The wound you inflicted me on March 31st is now completely healed. I very much doubt you will get the stock at 4c. In the last 3 months the largest block sold at that price has been about 10k, and the total number has been about 100k ($4000).

As for Lucky Break, I'm not on top of what is going on there because I only have 80k shares compared to 800k of CVC. However, from what I here, history shows that it would be foolish to put much value on what management has to say. You would be in a guessing game trying to figure out if they are sincere or trying to manipulate you.

I'm not too worried though, because the downside risk is only 4c whereas the upside is still 16c or more. My instinct for probability tells me there is a much better than a 20% chance that it will hit 20c again.

What LBG needs is a group to come in and buy up a few million shares from the worst pessimists and confidence will be restored. My group was very close to doing just that but we choose CVC instead.
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