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Gold/Mining/Energy : DALTON RESOURCES DAL:ASE
DAL 68.54-1.1%3:59 PM EST

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To: lucy who wrote (93)4/11/1998 9:52:00 AM
From: Peter  Read Replies (2) of 486
 
Let's try the negative scenerio. Then if I'm wrong I can be pleasantly surprised. If anyone can shoot this down I hope so.

Both TKE and FST are going up on news unrelated to the Strachan play.

Loon Energy and Dalton are going down. Dalton's stock appears to be distributing. A big hit, 300,000 plus shares a couple of days ago.

However Loon Energy's stock price chart is funky. Dalton could be building a base for a move up.

A rumor on the FST thread is that drilling, Strachan?, will be complete this weekend. News out next week.

Somewhere on the threads I read that there was trouble cementing the well.

Perhaps the well is finished because of that. Will not reach the pay Leduc horizon.

The big sell?, not buy?, of Dalton stock because of this knowledge. I can't tell which way it went from the information I have. However the accumulation/distribution ratio took a big drop.

Another attempt will probably be made to drill to the Leduc. Does Dalton have enough cash for another try?

All of this is hypothesis to explain the points I have read on the Silicon Investor. Any riposte?
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