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Gold/Mining/Energy : Bomax Resources - BXS.VSE

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To: Sudhir Khanna who wrote (79)1/23/1997 10:46:00 AM
From: Don Plant   of 313
 
TO ALL: 500 shares just traded at .43 while the ask is still .59. That is usually a sign that either someone is desperate and needs cash at any cost or that someone is trying to shake out some selling.

Personally I believe the later as there was almost a day and half with .10 spread between the bid and ask after a sharp move up from the low forties. I believe this market is getting ready to roll.

I spoke to Jim Bond yesterday and living here in Vancouver I often call the IR people just to get a feel for the conversation. I am inclined to put this one away in the bottom draw. This Company is finally positioned for a lot of excitement in the coming year and it may very well be one of the years success stories come next fall.

All the best

Don Plant
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