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Gold/Mining/Energy : United Keno Hill, UKH, Toronto**** Opportunity Knocks!

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To: Alan Whirlwind who wrote (786)3/3/1998 11:59:00 PM
From: Harry K  Read Replies (1) of 1348
 
Alan! Welcome back!! See post #783 - it will answer your question!

Hmnhh - horse make BIG pot glue - mebbe not need WHMIS label! Silver (not horse!) steady at around this price $6.30. Shares follow silver price until merger - then when financing announced - I guess it'll reach $1.60 - $1.70, where there is a resistance level - it may then pull back to close to $1 and try again - when breakthrough happens, next stop around $2.00 - $2.20. This if nothing bad happens along the way - like silver prices collapsing, OR merger vote negative, OR financing not forthcoming, etc. Stock only about .40 to bottom - so little downside here. NDU - T may be better short term buy for now, since you'll get 1.35 UKH shares for each NDU share - so buying NDU will get you a 10 - 15% discount on UKH shares at these prices.

Harry K.
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