Golden Raven Resources Ltd (GVN) Message Board

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Gold/Mining/Energy : Golden Raven Resources Ltd (GVN)

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To: Ward Nicholson who wrote (2567)	9/12/1997 11:13:00 PM
From: stevie	of 3155

Hi everyone, Here is my theory on this big offer at .30 cents and then .29 cents. 1) The offer is more likely to scare people because if the person needed to sell the shares at market this thing would be worth nothing. It was mentioned that if they wanted to sell that many they would not place so much for sale at once but keep chipping away at the market. I am not even sure the guy had any sold today because people kept undercutting his offer. If he does want to sell then it will only take a week or so to eat these shares up at the rate CYJ has been trading lately. I think that there is no chance of getting an order filled at .15 cents because think about it. The person has 600,000 lots, or $300,000 shares. At .30 cents that is only $90,000. A lot of money but when you consider 300,000 it traded 75,000 today between .28 and .31. It will not take all the Cdn and US investors with money that long to buy him out and then we will have people in it who want to own the stock. I hope someone takes this guy out quickly however. All the best. Stevie

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