Looks like Klaus was right. Seems to be heading back up again. Got this in my e-mail...
Subject: LK & Z Advisory
> >Date: Wed, 20 Feb 2002 10:53:57 -0800
> >
> >Subject: Starfield update
> >
> >Starfield Resources Inc. (SRU-CDNX)
> >February 19th 2002 close 77 cents
> >
> >Quick Update
> >
> >Between November 19th 2001 and February 19th 2002 (62 trading days)
> >investors initiated 3852 transactions (62 trades/day average) resulting
in
> >a total trading volume of 10,607,424 (171,087 shares traded/day average)
> >SRU shares. During the period the stock traded as low as 41 cents (Nov.
30)
> >and as high as $1.12 (Feb. 4). The public float (not including
management,
> >directors, family and friends) is approx. 20M shares.
> >
> >The recent share price appreciation followed on the heels of management's
> >very successful European IR trip (Jan. 21 to 25th) and the recent
> >engagement of "Warrior" (a consulting subsidiary of the Standard Bank of
> >London) as Starfield's Corporate Advisor (February 6th). In addition, the
> >company's exploration site mobilization and upcoming re- start of
drilling
> >on their Ferguson Lake Ni/Cu/Co/Pd/Pt prospect, heightened investor
> >interest and contributed greatly to the valuation increase.
> >
> >Recently, management has been involved placing 2M shares made available
due
> >to an estate planner's investment decision to sell. Despite the fact that
> >the majority of these shares were placed off market quickly and in an
> >orderly fashion, trading was impacted resulting in the current pull back
of
> >the share price. On the positive side, management confirmed to us today
> >that the majority of these shares have now been placed.
> >
> >Overall, we confirmed again that drilling is slated to start in the early
> >part of March and that the company is fully funded to undertake the
> >aggressive drilling program. The company will re-enter drill hole
#FL01-101
> >which had returned the exceptional Platinum and Palladium results (103
gram
> >Pd and 26.7 gram of Pt) to explore the origins of the horizon.
Furthermore,
> >the program will take a drill further west to confirm the UTEM conductor
> >image of a significant ore body extension.
> >
> >Overall we rate the current pullback as temporary and an opportunity to
> >invest in an exciting resource stock at an attractive price.
> >
> >Extensive technical and investor information regarding Starfield
Resources
> >Inc. and its Ferguson Lake project can be found by visiting the corporate
> >web site: www.starfieldres.com
> >
>
> "This email and any files transmitted with it are confidential and
intended
> solely for the use of the individual or entity to whom they are addressed.
> If you do not wish to receive this email, please reply with 'Remove' in
the
> subject line." |
