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Gold/Mining/Energy : Clifton Mining (CFB-Alberta)-Silver Play
CFTN 0.1100.0%Nov 7 9:30 AM EST

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To: andrew r harwood who wrote (461)3/5/1999 1:30:00 PM
From: Martin E. Frankel  Read Replies (1) of 653
 
<<Well i dont know if thats exactly the truth.i was attracted to clifton because i was bullish about the long term fundementals of silver and i bought the story that clifton was on the verge of becoming a small silver producer.i didnt buy it for any other reason.of course as we now know clifton silver mining strategy has all turned to ashes because we are told of their ore having a high lead content and the new governement regulations governing refining of lead containing ore .
forgive my suspicious mind but i find it hard to believe that these regulations came out of nowhere and that there was no advanced warning of these new regulations.i wonder how much insider selling there was of clifton when we were all happily buying it at over a dollar comfortable in the fact that clifton was on the verge of profitably producing silver.>>

Andrew... I have to agree with your opinions. It is my opinion as well. I had over 30,000 shares of this stock bought at high prices based on company information and for the same reasons you stated... and I sold and took my bath. I agree that the lead problem had to have been known much earlier by anyone in the business... or, at minimum, by management. IMO, they had a fiduciary duty to advice the shareholders of a major potential problem (i.e.: the lead), but they chose not too. The query about insiders selling is interesting and perhaps bears looking into.

Marty
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