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Gold/Mining/Energy : ATNA ( v.atn t.atn)

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To: SPRINGS who wrote (38)	11/6/1996 2:51:00 PM
From: Dan Christensen	of 509

I assume you are referring to the Westmin takeover rumor. According to the president of Westmin, there are no plans to takeover Atna in the near future. Micheal Williams (ATN's IR) told me that Westmin hasn't ruled out a takeover of ATN, but the recent acquisition of Gibraltar has left Westmin a little thin. He also mentioned that this takeover, which was viewed as overvalued by investors, caused a decline in Westmin's share price. As a result Atna's share price rode Westmin's coat tails. Takeover rumors may start up in the spring, after the the results from the underground bulk sampling program are in. Regards, Dan P.S. There was a news release Nov 4, Nesbitt Burns has increased ATN's one year target price to $8.00.

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