Saw the 6:00am post - sounds very bullish. Also, I spoke to the chief today to learn that there should be an announcement by end of next week, perhaps even this week. Keno is dragging along because of 1) the general negative sentiment around mining stocks, silver miners in particular (?!), and 2) rumors and sentiment that this feasibility study etc. by dynatec is taking too long - financing won't happen, etc. - all fueling the negative fires. Another contractor is interested in doing the same job, and have been eying this minesite since '96; and the word is, they work faster than dynatec. Also, they're willing to offer a written contract whereas dy is going on reputation. Meanwhile, Endeavour waits on the sidelines for the successful bidder to be determined. On the metal's front, inventories have fallen again to some kind of record low of 83 -> 83.5 million oz., and, factoring out Wilmington trust, you have a balance of only something like 26.2 or so million oz., the lowest in recent memory. However, the short sellers are in there doing their thing, and since the trading is yen-sensitive, up to 40 cent swings in either direction are likely. So, until this thing works its way through the system and the announcement made at the end of this month, the stock will continue to bounce around. Hard on the system, eh? In any case, this competition to win the contract should only help the stock.
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