New Blue Ribbon Resources Ltd (NBL.V was BLO) Message Board

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Gold/Mining/Energy : New Blue Ribbon Resources Ltd (NBL.V was BLO)

NBL 8.460

0.0%

Oct 6 5:00 PM EST

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To: Don craig who wrote (2)	9/24/1996 6:29:00 PM
From: GWalker	of 407

Does anyone know what a mile long insider trading report indicates? I looked at the report in Canada Stockwatch and was amazed at how much trading this guy (is his name Matrin, I can't remember) has had a history of executing. It seems that he has been doing a lot of buying and selling all around the same prices. Is he making a market for the stock here, or am I missing something? I called the company yesterday and it seems quite possible that things may heat up. The company is in bad financial shape (that seems to be the reason for the current low) so the president is trying to attract partners, (the guy on the phone said "majors" but I highly doubt that, hopefully some junior venture partner with some cash). Also the president is doing some tours of brokerage firms re:financing (does that mean hiring a promotion house? At these prices they can't be thinking about floating more shares). Anyway, my limited research suggests that all this makes for good play potential, and we all should know that if you get in at the ground floor of something like this it certainly doesn't matter if they find anything or not. In the end, as we will have cashed before results are released. That is not to say that they don't actually have something in the ground, just that I think it is better to assume there is nothing and you will have less chance of getting burned. Anyway, love to hear your reactions to all I've said. P.S. Let's try and keep focused on BLO and not other stocks. (I hate seeing new threads on a site, only to find out another discussion is going on)

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