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Gold/Mining/Energy : MacMillan Gold
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To: Gert-Jan Vlasveld who wrote (25)6/24/1997 6:38:00 AM
From: Simon P. Schrijver   of 43
 
Gert Jan,

I think that NYSE was the initiator of a bad market day with a 192 point loss. On the other side there are no buyers at this moment regarding the mining stock market. There are too many disappointing stories i.e. Bre-X, Delgratia, Corriente. Also companies with good prospects like St. Jude and Gitennes are taking a hit. Further some persons are going short (selling stocks while they do not own them)
adding pressure to the stockvalue.

I hope this will go over.

It is not to be short when the stock goes north.

Regards,

The Simo
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