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Gold/Mining/Energy : Clifton Mining (CFB-Alberta)-Silver Play
CFTN 0.1100.0%Nov 7 9:30 AM EST

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To: W.F. Schwertley who wrote (389)6/22/1998 1:29:00 AM
From: Martin E. Frankel   of 653
 
PMFJI, but the word out is that a U.S. market maker shorted the stock. If you look at the U.S. spread on CFTN it seems very obvious that the MM wants to buy cheap... perhaps because he's in a naked position (ie: shorted without the stock)... but wants top dollar on the ask. Nothing wrong with the Company, but the price of silver hasn't helped (although this shouldn't matter much considering Clifton's cost of production). I'm in with 40,000 at a higher price, but my stock is in lock-up for the duration. I like the company, the potential, and the management... and the potential for the price of silver over the next few years.

Best wishes,

Marty
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