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


To: Ralph Kern who wrote (1809)8/29/1999 11:35:00 PM
From: Marshhawk  Respond to of 2769
 
Dave, great site. Ralph I found the audited financial statements. Look at page 8, 157,000 special warrants at 5 bucks placed. I still haven't found the management analysis or insider transactions.

In re cobalt: DLA had 800,000 lbs to sell but only sold 187,000 cause they didn't like the bids. WMC sold 50 T in 4 days and the price went up 1.70 in the four days. Every European steel mill is closed in August, I don;t know what the Japanese do. Wait until next week Ralph. I don't think any end user has inventories of cobalt. Look at stainless steel prices. There going through the roof because "steel service centers" have no inventory and want to restock before prices go higher.

In short, nobody is paying attention in Europe, NA or Japan.
I think that will change. No more waiting for DLA, figuring out the grade and figuring out shipping charges, just go to WMC and see what they are offering.

See ya.