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Gold/Mining/Energy : New Blue Ribbon Resources Ltd (NBL.V was BLO)
NBL 8.4600.0%Oct 6 5:00 PM EST

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To: Tony Beresford who wrote (26)10/10/1996 3:54:00 PM
From: Chris A.   of 407
 
Tony, how do you know I didn't buy any today?

I bought an additional 15,000 shares yesterday, and 5,000 today. I
just can't resist these low prices. If we get some offers below
.28 cents, I'm there!

You wanna sell me some more?

I spoke with BLO IR today. News release may be out as early as
tommorow (Friday, 10/11/96). I asked about the volume and price
action, and BLO said there is nothing they know of that should be
causing a sell off. News will be positive. But I couldn't get any
feel for *how* positive.

They felt that maybe one of their larger shareholders may have
noticed yesterdays volume and felt this is a good time to sell. Of
course not realizing the latest happenings.

Did you know that the Midas Fund holds are large position in BLO? I
wonder if they ones doing the selling.

I'll be holding my breath with fellow BLO junkies for the next news
release...
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