Caussa Capital (formerly Antares) T.CAU Message Board

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Gold/Mining/Energy : Caussa Capital (formerly Antares) T.CAU

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To: Ray Fidler who wrote (2136)	1/6/1998 4:54:00 PM
From: John Alan Snape	Read Replies (2) of 4718

Ray, Just thought I would take a moment and try and explain what is happening as far as this type of selling is concerned. First off, these large institutional investors are realigning their portfolio's. Lowering their overall percentage within the gold sector for example. In other words, instead of 25% weighting in precious metals its now 15%. They are under orders and are only following instructions. Generally speaking when this is done, it is always following a worthy news release that stirs up activity. This way they remove their position without damaging the company stock position too much. If we look back to the news release on the 18 MAR 97 you will find which houses did the private placement and then compare it to the recent trading activity and you will note that the majority of trading (selling) is from these houses. They do this methodically and really do not care about the small investor. And yes it should of been completed in December but obviously due to the other houses crowding the board they obviously had to wait until now. We have confirmed these comment with several of these houses and through conversation with Peter at Antares. You are also correct in assuming they are shorting. Due to the lack of confidence within the gold sector it appears there are still a lot of pro's selling short expecting this market to continue. This also was confirmed through several houses and contacts. There is considerable risk to this in my opinion as I believe Gold is about to break out upside shortly. Either way we have no choice but to ride it out. It is extremely disappointing to all of us and the company I'm sure. But I believe it will turn around very soon. One other thing that Antares could possibly do is withhold news until it is substantial enough to spike this stock considerably. ie; proven reserve of at least 2 million ounces. But with the slow process of drilling and lab and engineer this may not be feasible. At any rate. I guess all we can do is close our eyes and not watch this blasted screen. All the best jas

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