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Gold/Mining/Energy : Namibian Copper Mines Inc.
NCMI 4.130-4.7%Nov 6 3:59 PM EST

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To: David Regep who wrote (1)1/25/1997 9:24:00 AM
From: KipferlMeister   of 154
 
David,

I've held shares of this company for a while and understand your frustration concerning lack of movement, MM spreads and all that. But these are all things that can change in an awful hurry. I remember that C L once posted that they'd actually *added* a market maker for this -- one of the most illiquid stocks I've ever owned. My point is that the fundamentals are in place for a quick narrowing of the spread, should we ever see any action, and I think the time is approaching when we'll finally see it.

With feasibility done (or nearly so?) they'll probably get into high gear lining up the financing for the project and that should be the catalyst IMO. Ironically, the shylockian spreads might have worked in my favor, since they kept me from throwing in the towel long ago.

-m
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