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Gold/Mining/Energy : Rondal Gold Corp -RGD (formerly Prior Resources - PQL)

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To: Bob Brigger (Robert) who wrote (193)1/25/1997 11:53:00 PM
From: Jimsy   of 331
 
Insiders of Prior would likely be well cashed up since they would most likely have been in on the Antler/Winspear runup where Antler (one of Daltons companies) ran from $.90 to about $10.00, and had 2 rights for free that traded up to $4.80. So for every $1000 invested you got back about $18,000 if you cashed in and most likely some of the insiders did.

Since Daltons Antler has been gobbled up by Winspear in the amalgamation before Christmas, it is just possible that the Prior was put on hold until all of that was finished, people got cashed up, and are now ready for whatever can develop on the Prior Mexican property. As the Northern Miner Jan 27/97 Prior flyer says, there was a 17.5 gpt gold intersection over 8ft.

If gold price comes back up, and the Prior new drilling, now funded, and with insider money proceeds, there could be something here to keep a watch on, especially for a runup on the anticipation of results.

There were large bids all last week with a variety of houses in on the bid.
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