Donner Minerals (DML.V) Message Board

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Gold/Mining/Energy : Donner Minerals (DML.V)

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To: Cal Coish who wrote (2074)	12/11/1997 8:48:00 AM
From: Jimsy	Read Replies (1) of 11676

Cal - excellent post and unfortunately you are pretty well spot on. The reason the VSE is down to 600 and falling is that when difficult times settle in, noone has any confidence in the VSE and the practices they allow in the name of surveillance. They appear to overlook the horrendously inappropriate practices and try to make people think they are doing their job by making an example out the latest incident. Possible scale of the latest incident: 3 houses that were top traders had net buys of 61,000, 55,000, and 51,700 shares respectably buying at an average price of say $1.10. If they sold out at $2.00, there may be a net profit of $170,000. Certainly not all of those shares were likely bought by the same insider as they would have had several accounts. So lets say there is less than $100,000 at the most that insiders may have made, which would be small numbers in comparison to the market manipulations that take place under the scenario you describe. The VSE should be looking at the trading practices that have resulted in the index at 600, or they will become extinct.

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