Abacus Minerals Corporation (V.AMC) Message Board

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Gold/Mining/Energy : Abacus Minerals Corporation (V.AMC)

AMC 2.590

+3.0%

2:07 PM EST

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To: Barry Cox who wrote (177)	6/4/1998 9:43:00 PM
From: John Fairchild	Read Replies (1) of 397

Hi guys, I talked to Kevin (IR) today. Unfortunately Steve (President) is out east on urgent family matters this week. The earliest we will see the drill results is next week. Steve has requested all assays to be held by the lab until he returns to the office. They expect to have all seven holes released at once. They do not want any appearances of insider trading. If you look back at the trading activity prior to the release of the discovery hole on April 29 you will see that no insider trading was apparent meaning drill results never leaked out. In fact we had a downward trend in the stock preceding the release much like we are seeing now. On April 28 32,500 shares traded with range of .44 to .45 (closed @ .45). The next day the discovery hole NR was released and it traded 1.4 mil shares to close at .64. I am trying to be logical about where the share price is. Today AMC closed at .38 which is significantly lower than before the discovery hole was announced. I do not believe that their has been any leak of results causing the decline just traders who believe that the delay in news means bad results or just plain impatient traders. I honestly believe that we are going to see some good results out of phase II as they are stepping out the discovery hole. Remember the grades and the length of the intersect of the discovery hole 58 meters @ 6.53 g/t gold and 22.3 g/t silver. Also remember that this is not a one horse show with Niblack and Portugal to maintain interest during the Argentina winter. Best of luck, John.

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