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Gold/Mining/Energy : Silver prices
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To: CuriousGeorge who wrote (285)12/16/1997 8:59:00 PM
From: Claude Cormier  Read Replies (1) of 8010
 
<<Doesn't FSR have about 28 million shares
that will become free trading in Feb '98??>>

Yes. However, the owner is not selling into the market. There is a major demand for big blocks from the canadian brokerages industry. As you know, there ain't too many pure silver stocks around. Several funds want to participate in FSR. A 500K block was snap up very easily a month ago.

<<I like FSR, but have been waitng until Feb
because 1) I thought I might be able to get into
it cheap at that time and >>

Well two things could make the prices much higher by then: higher silver prices or the announcement of a large increase in reserves.

2) didn't want to get buried by 28 million shares if I bought mid July.

Well the price at C$0.70 was a real bargain last summer.

CC
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