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Gold/Mining/Energy : Abitibi Mining - V.ABB
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To: Essam Hamza who wrote (7)9/30/1996 10:12:00 PM
From: Bobalouis   of 42
 
Sam, I've been watching this one as well, speculating on when the best time to jump in might be. One thing that worries me is the ease with which such a low priced and thinly traded stock could be manipulated. Since you seem to have access to house trading data, I wonder if you might be able to check back and see who opened with the first buy this morning. At around 11:30 AM I was looking at the spread on the Security APL Quoteserver which was .50 bid and .60 ask, and then a few minutes later it showed a trade at .48 for 400 shares! The next trades were for around .55. This smells alot like someone trying to scare investors into selling off their shares at these low prices. Any idea who?
Hi Bruce-glad to see your interrested in this one, it looks quite interesting to me. Yes, ABB is located on the south-west corner of Bandores property which puts it right on the fault and mineralization trend that has hosted their big strike. Unfortunately, another fault intersects this trend perpendicularly and has caused a shift in the mineralization trend about halfway into their property interest. I'm not a geologist so this is COMPLETE speculation but I suspect it may take a few misses to follow this trend on it's zigzag course. On the other hand, it also means they have another fault to explore and this seems to be the favorite residing geology for gold in the Timmins area. See the map for a better description at:
golden.net

Good luck to all - Bobalouis
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