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Gold/Mining/Energy : Eaglecrest Explorations
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To: Dave Robinson who wrote (19)10/7/1996 11:55:00 AM
From: Dave Robinson   of 639
 
Further on PPs.. 1Million + shares will be available for trading on Oct 16, 1996 from PP of Oct 16/95. Shares were picked up at 0.60 so these folks have a large profit at EELs current price of 2.65. It will be interesting to watch the price movement prior to and after the Oct 16 date. One might expect the price to increase upto this date and then correct as these PP folks take some profits generating a correction in the EEL market. Of course all this depends on whether the PPs are in for the long haul or short... I expect short since by freeing up this money they can take another ride on another PP... a great way to make money for those who have it. Also depends on when further drill results are released by EEL. I suspect that a summary of all Phase 3 drilling will be out before Oct 16 to further boost the price for these PPs. Just my thoughts and we'll know how good my predictions are in the next couple of weeks.
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