FORMATION CAPITAL CORPORATION- $900m in Cobalt finds Message Board

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Gold/Mining/Energy : FORMATION CAPITAL CORPORATION- $900m in Cobalt finds

FCO 9.420

+0.1%

Aug 6 5:00 PM EST

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To: Bannick who wrote (55)	1/26/1999 6:09:00 PM
From: donald martin	Read Replies (1) of 87

Mike, After today's action (inaction?) I don't know now if we'll see C$0.15. Bids came in at C$0.17 at the open and slowly grew to C$0.23 by the close. Only trade was done on the offer @ C$0.265. I figure the beating we've seen this past week was someone who just had to sell regardless of the merits of the company's assets. I know you can never tell when someone just HAS to move a mess of paper, and maybe we'll get one more chance to buy REAL cheap. But we seem to have attracted some bargain hunters. Don

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