BAM trading update.
Just to keep the BAM thread alive, while we wait for the rest of the world to wake up to this one (which may not be long if gold continues its steady climb up).
Recent very large blocks sold at silly prices was from block of shares
issued to United Keno Hill Mines (see copy of news article following).
They were in desperate need for cash (hence large disposal at very low price).
The new low price has brought out a new round of bargin hunters who
know value when they see it.
I expect volume will dry up again now as those in the know hold onto there shares on the expectation of bigger things.
There are currently lots of buyers at low prices but no sellers, so the pressure is there for a major price rise.
see market depth info followings.
>>>> News Cut <<<<<<<<<<<
The Option Agreement between Barramundi and United Keno Hill Mines Limited ("UKHM") which covers 440 quartz mineral claims in the Klondike area of the Yukon has been amended by reducing the work commitment required to be expended by Barramundi on or before November 30, 1998 to C$100,000. UKHM has acknowledged this commitment has been met. In consideration for this amendment, Barramundi has paid a cash sum of C$10,000 to UKHM and also agreed to advance the date of issue of 100,000 shares in Barramundi to UKHM from November 30, 1998 to September 30, 1998. Full details of the original Option Agreement and amendments to date are set out in Barramundi's Press Releases of May 6, 1997 and November 28, 1997.
>>>>>>> End of news cut <<<<<<<<<<<<<
>>>> Market depth info <<<<<<<<<<<<
Bid Ask
#Ord #Sh Price Price #Sh #Ord
1 2,000 0.22 0.32 5,000 1
1 5,000 0.20 0.33 4,000 1
2 4,500 0.17 0.35 7,500 1
1 10,000 0.16 0.40 15,000 2
2 50,000 0.15
Depth by Order for BAM - A as of 1998-10-09 14:45:29
Bid Ask
Broker #Sh Price Price #Sh Broker
068 068 2,000 0.22 0.32 5,000 068 068
031 Global 5,000 0.20 0.33 4,000 068 068
085 ScotiaMcLeod 3,500 0.17 0.35 7,500 018 Georgia Pacific
082 DS 1,000 0.17 0.40 10,000 035 Canaccord
029 PI 10,000 0.16 0.40 5,000 082 DS
078 CT Services 20,000 0.15
090 Gundy 30,000 0.15
006 Green Line 1,000 0.12
080 First Marathon 10,000 0.10
066 Union 5,000 0.08
>>>>>> End of Info <<<<<<<<<<<<<
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