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Gold/Mining/Energy : Nuinsco Resources (NWI)

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To: 4TNiner who wrote (2493)3/29/1999 5:13:00 PM
From: Midas  Read Replies (2) of 5821
 
4TNiner:

I can think of a number of reasons why the company didn't release results today including:

(1) they are trying to make a point that they don't leak!

(2) core came out with the drill crew on Friday but the lab only managed to prepare (crush and pulverize) the samples before shutting down for the weekend (in these lean times labs no longer operate 24 hours a day 7 days a week).

(3) Mondays are not good for releasing news because many people are inundated with work related emergencies that built up over the weekend (this puts them in less than a good humor to receive reasonable results).

(4) The results were really good and had to be check assayed (posted earlier)

(5) They are trying to get the shareholders used to information coming out every 1.5 to 2 weeks when they say they will (i.e. on their schedule).

(6) The results to date are really bad and they were hoping that another day would help them out.

FWIW I personally don't believe the last one in this case.

Midas
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