ORI Omni Resources, TYG Trumpeter Yukon, AKA Arkona Res. Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : ORI Omni Resources, TYG Trumpeter Yukon, AKA Arkona Res.

ORI 40.06

+1.8%

3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Gramps who wrote (326)	12/5/1997 12:04:00 AM
From: Blue	Read Replies (1) of 444

Gramps, your broker is talking about Pure Gold Minerals. Well before the play got underway, when Alberta diamonds were just a speculative dream, PUG was trading at $2.00 or more (in post-consolidation dollars). Before a recent share consolidation the stock was worth $1.50 (post-consolidation dollars), the day after, $1.24. It went as low as .90, and is now $1.05. If it were valued the same as the lead partner, Ashton Mining of Canada (ACA-TSE) based on percentages of land owned, the stock would be $1.60 today. Your broker is so right, with prospects like that Pure Gold with 15% of a diamond property which will PROBABLY go to the bulk sampling stage on multiple pipes...and the market cap is only $24 million...there are some crazy things going on in this market. Anyway I picked up some PUG myself at $1.07. Even with a proper valuation based on their percentage of the play, it should be worth $1.60 tomorrow but what do I know. Angry old shareholders and plain fearful folks have been dumping, and the analysts are making those 'scare-off' noises about the recent results (someone ought to tell them to get their facts straight, but then again these are the people who recommend Bre-X, Western Copper, Cross Lake, etc. etc.).

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next