Fagan says he's in for the long haul. -- 3+1 Stockwatch reports on Fagan comments:
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Fagan says he's in for the long haul
Pure Gold Minerals Inc PUG
Shares issued 26,379,471 Aug 10 close $0.285
Mon 10 Aug 98 In the News
Brian Fagan, writing in the August edition of the Fagan Report, says
diamond explorer Pure Gold Minerals is a hold at 46 cents. Mr. Fagan
recommended the stock in January 1998 at $1.26, and the following March at
65 cents. In the current and brief review, a diehard Mr. Fagan says he
intends to maintain a position in Pure Gold as long as the Ashton Mining
joint venture continues to look for diamonds in Alberta. He adds the
company also has some other interests besides the Ashton joint venture.
Ashton is the lead company in the Alberta diamond play, which began with
Ashton's discovery at Buffalo Head in January 1997. The play has suffered
from a lack of uplifting news this year.
(c) Copyright 1998 Canjex Publishing Ltd.
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Fagan says hold for next stage of exploration
Troymin Resources Ltd TYR
Shares issued 21,789,177 Aug 10 close $0.35
Mon 10 Aug 98 In the News
Brian Fagan, writing in the August 1998 edition of the Fagan Report, says
Alberta diamond hunter Troymin Resources is a hold at 49 cents. Mr. Fagan
recommended Troymin in March 1998 at 65 cents. In the current report, Mr.
Fagan says Troymin's joint-venture partner, Monopros, is unofficially
reported to have finished taking samples for diamond indicator minerals.
After these have been analyzed, a decision will be made on drilling
locations. The letter writer does not provide a time estimation for this
process, however. "Until then, Troymin will trade in concert with Ashton
and the satellite companies that mount drill programs," the letter writer
says. The Alberta diamond play has suffered setbacks in recent months
owning to a lack of good news and the generally depressed market.
(c) Copyright 1998 Canjex Publishing Ltd.
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Fagan says hold: action will come, one day
New Claymore Resources Ltd NCS
Shares issued 4,015,775 Aug 10 close $0.60
Mon 10 Aug 98 In the News
Brian Fagan, writing in the August 1998 edition of the Fagan Report, says
New Claymore Resources is a hold at 85 cents. Mr. Fagan recommended New
Claymore in January this year at $2.50 and later in March at $2.32. In the
current report, Mr. Fagan contends New Claymore still owns most of the
promising land outside of the Ashton-Pure Gold joint venture. Now that the
earlier speculation has died down, several major companies are offering NCS
what it considers parsimonious deals. Still, he says, "one way or another,
this ground will be drilled before the play is over." The only question is
when and on whose terms, the letter writer adds.
(c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com
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-Fagan also recommends CaribGold Resources (CG, tse), involved
with Pure Gold Minerals/Reclamation Management (RMLL, cdn) to the
south;
and also with Marum Resources (MMU, ase) to the west on the
prospective Chinchaga Terrane. |
