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Gold/Mining/Energy : Caussa Capital (formerly Antares) T.CAU

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To: Donald F. DeKold who wrote (3382)6/5/1998 12:51:00 PM
From: Donald F. DeKold  Read Replies (2) of 4718
 
John, if positive results issue from the analysis of new core, there is not just an obligation, but a legal requirement for Antares to let a news release. I have a feeling principals in the management do not want to see their stock price languish at current levels. If a major such as Barrick wanted to buy out Antares, buying at current prices would be like a windfall. Remember, there is supposed to be a report floating around by Barrick making a reserve estimate for the Ojolali at 12 million ounces. It could be one of these majors that has accounted for the episodic heavy buying that takes place in this stock.

If some very good cores are pulled and promptly announced, there will be fierce competition for shares making the company less vulnerable to a takeover.

That's my read on things for now.

Don
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