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Gold/Mining/Energy : United Gunn Resources (UGR.V)
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To: CLK who wrote (27)9/4/1997 9:16:00 PM
From: Veteran98   of 42
 
I understand that Wolfgang has been on vacation for the last month and is now back. The market for UGR has been fairly steady the last month with Whalen taking out almost all the stock that has been coming available. Heavier bids and more agressive buying has been appearing the last few days probably by those who are close to what is going on. I have heard that that a letter of credit for $3,000,000 is close to being delivered and this will be matched by Cox in Texas putting up another $3,000,000.
It looks like Wolfgang and his buddies are getting into UGR pretty deep as they have taken down 6,000,000 shares in total on the recent private placement and have been in the market for close to 3,000,000 more. Judging from Wolgang's track record it look's like UGR maybe ready to take off from it's present trading level and will likely do so as news starts getting out. The market is pretty tight and it doesn't look like much more stock is coming out at these levels.

Harry
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