SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : american manor resources AMN-CDNX
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Stephen who wrote (8)4/7/1998 8:06:00 AM
From: Buckey  Read Replies (1) of 47
 
Stephen, I will paraphrase my conversation with Brian, the Ir guy at ANO. I posted on NTI that I did not buy ANO because of my concerns over NTI and their involvement together.

Companies, like us the investor, sometimes make good investment decisions and bad ones as well. Sometimes we invest without knowing everything ( actually most of the time). I get from Brian that at the time the NTI deal seemed like a good idea. It was a hot company that had gone to $8 from $.40 and now trades at $.10.

They recently announced acquistions in Alberta. He told me that they have a renewed focus on North American ventures. Two months ago when I first talked to him he indicated that they would be putting their base metals projects on hold until such a time as the prices recovered. That is still the case I think.

I think the bottom line here is that they have OIL plays in Alta. Sask , Montana as well as GOLD in Panama. They have 11 million outstanding and $7.25 million in working capitol. That is 64 cents per share on a cash basis only - that is not counting any land assets.

Note: Fd they are at 17.3 million shares because 5 million warrants are out - they are priced at $3. If I owned ANo and we had to dilute the shares it would only be because the warrants were exercised and that would mean the price would be over $3 - Me thinks I would be a happy camper at that point. With $7 mil in the bank you will not see any more PP or any further share dilution IMHO.

NOTE* I am in no way affiliated with ANO and currently do not own any shares although I do have some bids on the board. If I take a position you can expect me to be more active here. I will likely be in by the end of the week. It is also convenient for me to drop by and see them.

( they were all in the office on Saturday ) I do not know if that means anything.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News