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Gold/Mining/Energy : United Keno Hill, UKH, Toronto**** Opportunity Knocks!
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To: Alan Whirlwind who wrote (1003)6/30/1998 7:38:00 PM
From: Harry K  Read Replies (1) of 1348
 
Agreed - the posted last trade price is disappointing - but did it really do that badly?

Check the canada-stockwatch website, and you'll see the trading marched back up to .50 at 15:24, at 15:26, the last two trades of 1,500 and 100 shares. The Lone Ranger's post is probably more accurate - reflecting an unloading effort by someone of about 20,000 shares "at the market". Don't forget, this was the last day to adjust portfolios for semi-annual year-end reports, and UKH isn't the most well-known stock on the board; it's also the end of the second quarter. Even though someone at Midland was unloading, someone ELSE was in there BUYING.

It appears the other silver miners were similarly unmoved by the price of silver. ASM dropped .06 to $1.05, SSO traded even, and blue-chip PAA rose only $.35 to ~~$13.30.

I have no news from Keno that would indicate the price drop, other than the overall general malaise in the junior mining sector.

Harry K.
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