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Gold/Mining/Energy : Queenstake Resources (QTR.T)

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To: Eashoa' M'sheekha who wrote (1827)1/31/1999 12:39:00 PM
From: Brumell  Read Replies (3) of 2249
 
Now, now, Taurus 553, we must cheer up.

Let me give you another scenario, a possibility that might explain what has been happening.

Suppose there was a disgruntled employee as Shirley alluded to, or perhaps a friend and ally of one. Let's say he was once important within the company and knew their plans and properties in great detail. He knew, for example, that Queenstake would be involved in a sizeable exploration program that would be highly attractive to the market. So last summer, in August but more probably September, he and perhaps some associates bought several hundreds of thousands of shares averaging less than .30 cents per share.

When the time was right, he and associates started to promote. They posted all over the internet and spread the word. Within just a few weeks they were safely in the money with blue skies ahead.

His problem, however, was no longer being in the loop. Information, once accessible, was increasingly restricted. The word was out. Management made every effort to keep on the lid... the result being the current, sloppy sell-off. Not professional at all. Too much money left on the table.

Like I said, Taurus, just a scenario. But it is possible present sellers are acting on information no better than ours. In my case that's none. They could even be acting on disinformation fed to certain ears. Who knows, but what a beautiful irony if their selling proves wrong. That's why I bought a bit this week and think I'll stick.

Anyway, Good Luck to all.

B....

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