ARIMETCO INT'L (ARX ON TSE) Message Board

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Gold/Mining/Energy : ARIMETCO INT'L (ARX ON TSE)

ARX 15.35

-2.9%

3:59 PM EST

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To: trustmanic who wrote (23)	1/4/1997 8:09:00 PM
From: Peter W. Panchyshyn	of 80

Copper prices have increased some 25% since the end of the copper futures trading scandal in Japan. With only downward pressure on the stocks' price (except for brief spike). While other copper producers have seen stable or slightly rising stock prices. The price of the metal now is not a key factor in the company's survival but cost cutting and getting gold extraction started is. In the near future it is likely that only the more experienced traders/speculators will be able to make anything off this one, if at all. The rather large volume on Friday suggests that a few are taking positions. Longer term ( at least one year out ) the company will come out ahead. The company had little choice but to take the action it did. With the threat of equipment being taken the company would have seen a good part of its mining stopped and with that it would have collapsed. At least now it has a little breathing space. Only those with strong stomachs and deep pockets should be playing this one. Peter

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