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Gold/Mining/Energy : Canmine resources -- Ignore unavailable to you. Want to Upgrade?


To: Rick Escher who wrote (1724)8/18/1999 2:47:00 PM
From: Marshhawk  Read Replies (2) | Respond to of 2769
 
There's a lot going on, isn't there? There were rumors extant on this thread that with availability of funds from finance project, exploration would start again at BINCO. As far as I can remember, everytime CMR has had a press release in the last 3 years, with the exception of the press release on Cobatec, the price has gone down. Today, the process is the same and Yorkton just knocked it down from .79 to .75 with a 20 k trade.

I think there is someone out there who makes a habit of this to discredit the press releases. [Just because you're paranoid doesn't mean you don't have enemies]

The battle, as I see it, is between those who believe CMR will go into production, and have a value of $4 to $200 depending on whether you look at Werner and/or Maskwa and/or BINCO as viable projects; and those who either think CMR are a bunch of hosers, or who are manipulating the stock to keep it low for a cheap asset raid.

Again, to my way of thinking, every time Ted delivers, be it being correct in re Ni demand or Ni supply [eg laterites]or Manitoba geology, or physically delivering, eg finance and the Cobatec plant it becomes harder for the second group to keep the price down.

Market's open for another 75 minutes. Should be interesting. Tell the boys over Yorkton to be careful, or they may end up with burned fingers.

Oh and by the way, the part I liked best was that 1.2 million in flow through financing has been obtained. So Ted's got finance and Ted's got no debt. Good position for a mining company to be in.

Maybe the hockey analogy is not Brett Lindros, maybe it's the Sabres picking up Hasek for a player who was never heard of again.