Mike:
I think as you do that there will be more buying, until the
drill results are in. We can expect a release related to the
drilling, even prior to the actual assay results.
I actually bought more today, and have been buying the past week.
If indeed they can come up with a significant drill hole, the stock
should move up dramatically, even in this poor metals market.
Incidentally, I was pleased (though I am not shareholder) to see Argentina
Gold (arp) come off only a little after Barrick withdrew it's
C $5 offer. Yesterday it sold down to below $5, and is hanging
in today at around $4.50. This bodes well for any junior that
proves up a significant deposit, in that the marketplace will
afford it a "reasonable" price, considering the poor metal prices.
Of course, in 1996, ARP would have fetched at least two to three
times that price.
With respect to MDIN, we can hope that the shorts will help us
attain the value the company deserves. Does anyone have a handle on
whether there has been any sizeable amount of short covering yet?
Regards
Dan |
