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Gold/Mining/Energy : Peruvian Gold Ltd. PVO
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To: Robert Dydo who wrote (462)3/26/1998 12:41:00 AM
From: Rolly   of 892
 
I was quite surprised to see that Canaccord was a significant seller of the stock on Tuesday as I always considered this brokerage firm to be a strong supporter of PVO. (was it not Canaccord who was instrumental in raising the $12.5 M private placement?) Hence I would have considered this brokerage firm to be in tight with management. In which case the sales by Canaccord would normally concern me. However, Mr Henstridge has demonstrated to me over the past years that he is very respectful of the insider information rules and has been very tight lipped prior to any new announcements. I believe he would be even more respectful of these rules when talking to brokers as these individuals can have very influential effects on stock prices. So there may very well be the chance that Canaccord may have been caught off guard, in which case they will likely become buyers when the stock resumes trading (provided the news is good which I believe it to be). Sometimes (although seldom) these guys don't know everything in advance of us.

What do you guys think?

PS Thanks to Peter A. Leverman for providing the trading information.
It would be appeciated if you would post this information again pertaining to the trades for the day the stock resumes trading.
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