SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : BLACK HAWK (TSE:BHK)
BHK 9.560+0.8%Nov 24 4:00 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: William Whitehead Jr. who wrote (180)1/8/1999 8:53:00 AM
From: Winzer  Read Replies (1) of 545
 
WW,

Remember me from HPC? A lot of Si posters are noticing that NB is heavy into the pennies. I'll replay for you the comments I posted on another site:

<Quote>

Nesbitt is facing a major lawsuit (for their alleged negligence associated with the Bre-X debacle) in Texas (from article in the local press this weekend). In Texas the settlements are huge by Canadian standards. I have been noticing their (NB's)interest in more and more "speculative" plays where the chances of success (stories)are very good (I follow a few of them closely).

In my opinion (PURE SPECULATION OF COURSE), they are stocking (pardon the pun) up their inventory to meet the sizable payout that is anticipated. And I am betting that they are smart enough to know that the chances of Hyal being explosive within the next 3 to 6 months is worth the expenditure of scarse cash to reap major returns.

This law suit is expected to cost them in the billions. So what better way to raise cash than by the next best thing to insider trading? They would probably get each of the top analysts to nominate some candidates for house accumulation. And in the case of Hyal it does not hurt to have some bad news (Australia, Altana etc) at times to facilitate further accumulation.

<End of Quote>

What do you think? Next thing you know there would be a: "What is NB accumulating?" thread! I know that Wood Gundy does the same thing (analyst's top picks) but for for their Blue Chips.

Cheers Winzer
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext