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Gold/Mining/Energy : MARUM RESOURCES ON ALBERTA
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To: Stew who wrote (755)7/14/1998 12:31:00 PM
From: bill  Read Replies (2) of 2514
 
The best thing to listen to is the market. I don't see MMU
going by on my screen with the price climbing. If the news was terrific, the buyers would be there. The fact is they didn't find kimberlite. They may have found enough evidence to help them test some new areas. But that is all. Considering what I paid for MMU, I wish the announcement had said we've got kimberlite and here is our drill program. Unfortunately, all this costs money so you have to put results against a diminishing return (cash). They're going to be pressed for money to do any major work. Hopefully, this next time around, they'll come up with something that will bring the price upand allow them to do a financing without diluting the stock too much. It isn't a dry hole but it's close.
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