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Gold/Mining/Energy : Cartaway resources
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To: Jenny Pillen who wrote (1437)2/3/1998 10:35:00 PM
From: R.A.K.  Read Replies (2) of 2505
 
Hi Jenny,

I've been watching CWA closely for the last couple of months and the trading pattern does seem a little odd to me. I'm no expert but it looks like someone is trying and succeeding in keeping CWA in a narrow trading range. With the way most of the SVB plays have started to edge up in anticipation of this springs drilling programs, it suprises me that CWA is not trading at a higher price regardless of the crappy results they had last year. Most if not all of the other SVB plays have bounced back from the lows reached last year yet, CWA doesn't seem to want to budge. Everytime it starts to move up someone comes out and smacks it back down and then the bids come right back in again. The fact still remains that they have a fairly large land position and all of SVB is still highly speculative plus I hear Falconbridge wants in on the action and considering that almost every play in SVB is involved with DML or TECK, CWA could be a target for Falconbridge for a possible JV. IMHO.

Regards,

RAK
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