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Gold/Mining/Energy : Macdonald Mines
MMP 69.000.0%Sep 25 5:00 PM EST
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To: John Stopforth who wrote (42)2/10/1997 11:26:00 PM
From: John Barendrecht   of 135
 
MacDonald format - drill hole #, etc. This is standard format for all companies but usually if you're reporting on one or two properties. This seemed to cover 4 or 5 "areas". To show that it increased reserves by 50%, you would have to show old results and new results and hope that some of us who are not mining engineers would figure it out. There are 3 possible explanations for the stock not moving today:
1. The market anticipated results and already built it into stock price.
2. Some people may have missed release, it was emailed to me from one of the news services but when I went to read it on Stockhouse, the only way I found it was to look under Mill City.
3. I have seen this happen before where the stock doesn't move until the next day or even a week later. Seems like everyone fell asleep.
Of course the Price of Gold being down and gold stocks being out of favour did not help.
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