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Gold/Mining/Energy : Minera Andes, MAI on Alberta
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To: Bob Pierson who wrote (56)3/25/1998 10:09:00 PM
From: Dan P   of 340
 
Unfortunately, this is more or less what I expected in terms of
market reaction. We saw that with Yamana's announcement as well.
I am not a geologist, but a hole that hits 100 feet of 4+gm/tonne
gold, and 600gms/ton silver has to be regarded as spectacular. This
was selling on news, and suggests as we have seen elsewhere that
traders are taking profits wherever they can, rather than waiting
for the longer ride. This is evidence of the current negative
psychology toward juniors, in general, after last years series
of debacles, imo. That is however, probably a bullish sign, as
it certainly does not speak to excessive optimism which often
is associated with tops of markets. MAI is a buy, in my opinion.!

Regards

Dan
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