Starcore Resources Ltd. SOE.V Message Board

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Gold/Mining/Energy : Starcore Resources Ltd. SOE.V

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To: Tom Cat who wrote (138)	3/14/1999 11:53:00 AM
From: Greg Ehman	Read Replies (1) of 578

Tom: The management did not make a mistake in retracting the p.p - in fact, by doing so, they added CREDIBILITY to the stock. Everyone is leery of the VSE, if they had allowed the p.p prior to the release of the assays, there would have been a HUGE uproar about insider trading. And the p.p isn't finished, as I mentioned earlier, it will still go ahead. Obviously the company and its Board felt secure enough in the discover to delay the p.p knowing that better news is to come... And why shouldn't they?? Why sell 1m shares at $1.20 when, if they wait till after the assays, they will be worth $2-3?? Makes reasonable sense to me. Finally, why the press release?? That I'm not certain on, it may have been a ploy to grab attention or more likely there was fear of a leak. But based on what I've heard, the press release was VERY conservative, the actual drill cores are nothing less than ASTONISHING. Good luck to all and I look very forward to Monday and the next few weeks Greg

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