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


To: Bearcatbob who wrote (4324)8/29/1999 9:36:00 AM
From: STLMD  Read Replies (2) | Respond to of 15703
 
Bob...I see the chart confirms our favorable outlook on PYRX. It has held rather well during this recent downturn. In addition, there have been some sizable blocks of stock being bought over the past week that IMHO has kept the price up.

This includes one day, I believe Wednesday last week, where trades of 25100 and 61000 shares occurred, as well as last Thursday a buy of 18500 happened at the end of the trading day. I believe this to be positive and it appears PYRX is under accumulation by somebody with a fair amount of cash.

Given the fact that PYRX is the only play in the US, and that the float is around 13 million shares, I believe the upward pressure on this will continue as more info from production, Cal Canal, and Berkeley #1 comes in. If they are not bought out prematurely then I guess I'll have to search through my dictionary to find a word that defines something much larger than a KAHUNA.*ggg*...Stephen