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Gold/Mining/Energy : Nuinsco Resources (NWI)
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To: Buckey who wrote (1463)3/12/1999 12:00:00 PM
From: Brumell  Read Replies (3) of 5821
 
I think you are making a mistake, Buckeye. Consider a few facts.

1. You are equating NWI with NAI or DML. That's like comparing apples and oranges. They have completely different corporate styles. One looks for a mine, the other looks for a market. There is a fundamental difference.

2. Why did NWI change drillers? The reason is the last one leaked... went bragging about the stock he'd bought forcing NWI to release visuals prematurely with a rushed assay next day.

3. NWI is under tremendous pressure. Over 50 companies are promoting ground with nothing but NWI's work as a reference. Meanwhile the TSE/OSC is watching for compliance to their new and untested guidelines. Puts NWI in a very tough spot.

4. My bet is NWI dislikes the internet. Like many real exploration companies they must marvel at some of the crap that gets posted. Look at the early days on this thread... pretty sad commentary and mostly wrong.

I'm biased, Buckeye. I'm long this stock and with yesterday's sell-off, still well ahead. I don't mind getting torpedoed by bad results but panic selling by lightweights ticks me off. Maybe the shakeout will serve a purpose. Hopefully they've all fled.

FWIW I agree with your thoughts on the source of rumours. I also think these new TSE/OSC guidelines, however well intentioned, will only help the crooks and hurt the good guys.

Regards,

Bob
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