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Strategies & Market Trends : Shawn Murphy's bulls and bears
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To: Shawn Murphy who wrote ()2/13/1997 2:49:00 PM
From: JD   of 113
 
CLL-A and ANZ-T starting to move.

I'm not a regular here, just stopping in for a single post as I hit 3-4 general info type threads. Hope it is of some value to someone (other than myself ... I don't think there's enough $$ reading these threads to affect the overall position of either of these stocks...).

Yes, I am a participant in both stocks but it doesn't matter ... do your own due dilligence and I am sure you will come to the same conclusion... it's worth getting into.

These 2 co's are in an Indonesian jv and are starting to move based on the following info (I'll try and be brief by sticking to the highlights):

1. With Bre-x/Barrick feud looking like it will be resolved by end of week everyone in Indo is smiling.

2. Both ANZ/CLL have issued releases re financing totalling $5M.

3. The jv has secured a local Indo partner who is in Toronto to sign the deal for the Ojalali property for U.S. $1.5M.

4. jv due dilligence has released preliminary results on grab bag samples that are promising (eg. 44 and 33 g/t Au )

5. Both co's have other recent promising undertakings. CLL has a diamond mine in Venzuela that is actually producing. ANZ has acquired a gold sampling technology (RAPPA) that is very sophiticated and effective.

6. News expected soon:
- signing of INDO property purchase. (early next week)
- results from a Jakarta based lab re Ojalali samples. (next week)
- CLL update on Venezuelan diamond property (1-3 weeks)
- drilling schedule for Ojalali (early next week)

Take it or leave it at face value, do your due dilligence, and best of luck to all.

JD

PS. There are SI threads on both these companies in mining section
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