Phoenix Gold Resources (V.PHO) Message Board

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Gold/Mining/Energy : Phoenix Gold Resources (V.PHO)

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To: virginijus poshkus who wrote (131)	10/11/1997 2:15:00 PM
From: Larry Rossi	of 285

I agree that the 27 cent close on Friday is disappointing. It may not be as serious as it appears. The close on Thurs. of 21 cents was a trade executed at the last minute of the trading day. If I had to guess I would say someone didn't pay for the stock, I believe it was 2500 shares, and the broker just sold him out at day end. Most of the trading of that day was in the 30's. Fridays dismal close is due to, no market support as there is very little news released. Considering the fact that there was 375000 shares of escrow shares released on Sept 19 the stock appears to be holding reasonably well. At least it does not appear that these insiders are dumping as trade volume is low. In late Sept. while I was over in Grand Forks helping my father extract honey from his bee hives, Carson stopped by. As we were very busy at the time, I didn't really have time to talk to him all that much. He went and picked us up some chicken and was going to have dinner with us, but he remembered a previous commitment and had to leave so I didn't find out all that much. He did say that platinum assay samples were extremely slow in coming back and that the lab still had the bulk of the samples to process. He said the silver property at Coyote knolls is continuing to look very promising. On the whole he was quite optimistic, and was hoping to soon be able to coordinate promising news on both properties and get it out to the public. The Web site is being worked on. I will be over in Grand Forks this coming week and if Carson is not away, I am sure to see him. If there is anything new to report, I will do so when I get back. Larry

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