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Gold/Mining/Energy : International Tournigan(ITG.V)announces major discovery
ITG 30.230.0%Feb 28 4:00 PM EST

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To: rdww who wrote (294)7/16/1998 1:27:00 PM
From: keith schaefer   of 347
 
Union's bids have backed off to the low 70s. Nesbitt is offering stock at 90. I see one of two things happening. this is a shake out to weed out weak stock for a couple days until they start to push it, or something is happening that is delaying things. Company told me VSE has yet to approve PP price. That's ridiculous - but possibly true. It shouldn't take that long to guarantee a price, but sometimes the exchange gets backed up and things take longer than they should.

The fact Union not offering says that Nesbitt offer is a real offer, not just market making, trying to cap the stock waiting for PP price. The stock has moved up nicely in anticipation of news, the next few days will tell if they can continue. Best of luck to all of us.

I thought this stock would get one spike - if not by early next week, I'm bye bye
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