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Gold/Mining/Energy : Abacus Minerals Corporation (V.AMC)
AMC 2.590+3.0%3:59 PM EST

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To: bull who wrote (135)5/12/1998 9:10:00 PM
From: John Fairchild   of 397
 
Bull, what point are you trying to make?

Just to recap my understanding of the order of holes and assaying. I was told that assays for the first two holes were rushed in order to commit to the second phase drilling ASAP if warranted. Makes sense? Judging by the speed at which these assays came out I would say that this statement was accurate. Was there a runup prior to the release of these two holes no! Would insiders benefit if they had known prior to the release of the first 2 holes? Yes. This looks very straight to me.
Was there dumping prior to the release of the last 5 holes. I don't really think so. The company told me results would be release either the end of last week or beginning of this week and that is just what happened.

Again I think the shares right now offer good value with lots of potential for gains. Remember that they still have Niblack as well and most of the up coming financing will be towards underground drilling on this property.

For you viewing pleasure the La Manchuria drill plan is posted on the
their home page (attached to the current NR). Again I good sign that the company wants to share just what they have without having people guess.

John
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