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Gold/Mining/Energy : Goldminco Consolidated Mining Corp. GMC (was GMO)
GMO 0.01210.0%Jan 21 4:00 PM EST

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To: Ron Everest who wrote (510)6/16/1997 10:02:00 PM
From: Harold W. Davis   of 588
 
Ron,

This stock has held in the .70 - .80 range for weeks despite the post BRE-X mess. In my opinion the selling today was very aggressive particularly from Golden Capital. And as you said Golden Capital has been selling all week. I know Tambanis was in reciept of some results on Thursday of last week, because my broker talked to him. If recent selling is from insiders who may have information that is not released, then this type of action would not be appropiate to say the least. This is purely hypothetical, but I would not think there would be too many outsiders sitting on large blocks of shares as we have seen hitting the market in recent days.

Davis
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