Steelguy,this from ITaylor,a very good read:
GROUP:
Just got off the phone with my man in the know (he was in Hawaii on a seminar, flew in today) normally before i do/say
anything talk to him first.....so here is the big one, in his words.........
First, some background, I have known this man for over 15 years, he has senior brokerage experience
in Toronto, Vancouver, and Edmonton, he has worked as a fund manager and as an analyst out of Vancouver....he has his
own consulting firm now...
and deals with a very elite clientele...he is also a stockholder......I am in no way related to him but he was the person who
steered me to the industry in the mid/late 80's......he dos not want to post on his own (time constaints), and does not want his
name used due to business/legal relationships.....so you may take what you want from this.....whether you believe this or not
is your entitlement......you can respond if you like, on his comments, this is a free bulletin board system, as well if you are
such people as TEE VEE, ROCKET RED,( both by the way very intelligent posters) or other STOCKWATCH, SILICON
INVESTOR posters, please consider the items here in seriously, they may be one persons opnions but I would consider them
reliable........so here goes.
As you know, much has been written in the last 60 days. We all thought the first 3000 tonne sample vcould be the grail, that it
would propel the stock to new highs, and us with it....we analysed, re-analysed, opinioned, and expressed our beliefs...so past
is past and I wanted to know the next 60-90 days, and what it held....where would the stock be September 30/99 etc.
Conversation followed the path of 3 components,
1) Information 2) Articulaton 3) Advice....
1) Information flow is key to any stock movement, up or down, July would be the critical month in this segment, his opinion is
that there will be more to this play in the future, that one should not panic on supposed "BAD" news releases. There wil 4
possibly 5 releases this month, culminating the bulk sample release "EARLY" (in his words).
There will be kimberlite tonnage (market expectation), drill results (excellent), carat count refinement update (???), bulk
sample, and possible listing information. He is of the opnion that the information to date and IN FUTURE wil be carefully
orchestrated. Too wide of swing in stock price is not what the principals want, slow steady
legitimate price gains are easier to manage. He said all of the news release SHOULD get progressively better, culminating in
a 3000 tonne sample that will exceed everyones expectations (he stopped short of using the term ASTRONOMICAL),
including some high secrecy surrounding specials (fancies, etc), to which he was not privy to information. The next 2 months
(Aug/Sept) will also bring further good news, he would not elaborate other than saying "keep the Faith". I asked about the
advert. posted on Stockwatch about the PROJECT MANAGER search, his comment was "too many cooks may spoil the
soup, but one can't chop everything" (we have a mine, the search is on for development people), (my words) case in
point...new geologist. All in all a very favourable month for information flow.
2)Articulation of the information will be a huge key, with all the coverage, the stock is susceptible to newsletter advice,
brokerage advice
and rumour and inuendo via the internet. He said the company is afraid of false stories, facts and other and this why the high
security (one reason anyway)so the perceived CONTROL of information flow is there for a reason (what would that be,
maybe some outstanding news ??) (my words).
Notwithstanding, the buildup will begin next week, and whether the market/investors/investment community handles in
negatively or positively is
out of our control. Read between the lines.
3) Advice from him is like gold to me because of his wide variety of experience and being in every situation before. His
opinion was that "GREATER THINGS TO COME", and don't sell in and out or you could get caught with your pants down.
Buy more if it continues to trade sideways, below the $4.50 mark, and watch for increasing volume, block trades, institutional
trading. He does not like to refer to the stock as a LOTTERY TICKET, but sees the opportunity for extraordinary gains, in
an overall slow commodities sector. But also feels we have hit bottom in the commodities cycle. Finally his prediction for the
price of the stockin 15, 30, 60, 90 days are as follows: July 15 $6.25 to
$7.00, July 30 $14.50 to $16.00, August 30 $21.50 to $25.00 September 30 $27.50 to $30.00.....Once again, his opinion only, I
welcome
suggestions, comment, (neg or pos) and as we head into ONE of the defining month in the history of this play, i am now much
more positive and excited.
Thanx
Ian |
