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Gold/Mining/Energy : Cartaway resources
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To: Ed Pakstas who wrote (1430)1/28/1998 9:25:00 PM
From: Tommy D  Read Replies (1) of 2505
 
Pretty quiet; everything seems to be happening close by with DML. You would know more than me but its strange the way the volume and price picked up in late Dec, or early January and then just died off. I assume that some further financing or a J.V. was being negotiated and just fell apart.. The other interesting thing to observe is how the general resource market seems to have little effect on these types of stocks. The recovery in the mining stocks and in particular the pickup in stocks associated with VB, such as Inco should have had some positive effect on the SVB stocks. I don't think this company has much dough so we better hope for some further financing or a J.V. Supervalue was right that Pattison has rights on certain CWA lands but no reason for him to exercise or put further money in at this time. Anyways, just ramblings from a Westerner patiently waiting for results on a couple of wells in Alta.

Regards TommyD
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