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Gold/Mining/Energy : KOB.TO - East Lost Hills & GSJB joint venture -- Ignore unavailable to you. Want to Upgrade?

To: Magpie who wrote (3553)	7/17/1999 4:46:00 AM
From: davo	Respond to of 15703

Xenolith filed a similar notice 12 months ago and never sold anything like 2 million. They traded a few at the time of the blowout, wiped out the overdraft and put $700k in the bank and ended up with more KOB than they had before. I don't know Canadian law but I presume this sort of insider notice is required as the 2 companies have interlocking shareholdings and Graeme Robinson head of KOB is also a director of Xenolith. Xenolith has no need for cash that I am aware of so it's probably just a piece of red-tape being dealt with so they could sell some KOB when/if the monster is hit. I'll see what I can find out from this side of the Pacific. I hold Xenolith. Cheers, Davo.