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Gold/Mining/Energy : Nuinsco Resources (NWI)

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To: Killick who wrote (4064)	4/29/1999 5:19:00 PM
From: Brumell	Read Replies (2) of 5821

FWIW I'm no expert Killick but here are a few thoughts in reply for consideration. << 1.. holes were withheld because it is in some peoples interest to not have good results released until they had filled their boots?>> This is always possible but I don't see any sign of it from trading activity. << 2... holes were witheld because they were less than spectacular and the stock would have dropped even further and it would have been much harder to entice investors back.>> My guess is this is the most likely scenario. As someone posted here, "good news comes by express while bad news travels as freight." My hunch is they were delaying news in the hopes of better holes which didn't materialize. Don't forget how many people were calling from this thread and you can count on many others. << 3....by withhelding them it would be like holding a carrot in front of a horse. i.e. keep us hanging on in hope of better results on those holes >> There probably is an element of truth in this but remember, drilling is ongoing. There will likely always be cores out for assay when news is given. << 4...not enough time to get them ready. This one to me doesn't make sense because they had kept delaying the NR anyways and the stock was already falling so another couple of days would not have mattered >> As mentioned above, there isn't enough time to report all assays unless drilling is halted until all assays are completed. Program is ongoing and so is assaying. Sometimes I think we all try to read too much into things. Investors apparently thought the stock was oversold in the mid-60s range. Today they apparently thought the mid-90s was too high. Because of the rise, some people may have piled on thinking something was happening and not wanting to miss out. Happens every day with stocks. Trying to place a valuation on NWI is anyone's guess. The discovery area is a bust but the overall area isn't. They have money, drills and the will to keep going. NWI is a unique situation in which anything could happen at any time. As others more knowledgeable have reported, the conditions are right to produce a major deposit. Big question is will NWI or some other company else find anything in the area. Obviously no one knows and time will tell. FWIW that's just my opinion, Killick. Others may see it differently. Bob

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