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Gold/Mining/Energy : United Keno Hill, UKH, Toronto**** Opportunity Knocks!
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To: Kaiser Soza who wrote (746)2/8/1998 8:45:00 AM
From: Harry K  Read Replies (1) of 1348
 
Although NDU appears to be the more attractive of the two stocks to own at this point, it's UKH that has the high-flying silver ore! People are still selecting it over NDU in the remote possibility the merger or financing somehow gets delayed, or stymied, leaving NDU with a marginal operation. However, as March 14th approaches, we'll probably see NDU rise to 1.35x UKH prices.

In other news, the short position in UKH in this Saturday's Globe & Mail had risen to 517,000 shares, UP from 493,000 or so a month ago. However, I think this only reflects technical manoeuvres, such as recipients being compensated in shares at a fixed price with a "no-sell for 1 year" rider attached - shorting the stock to lock in the issued price.

H.K.
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