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Gold/Mining/Energy : T.ITE: iTech Capital (TSE) -- Ignore unavailable to you. Want to Upgrade?

To: keith massey who wrote (1339)	11/1/1999 1:25:00 PM
From: keith massey	Read Replies (2) \| Respond to of 5053

Just my thought.... Yorkton is still on the sell in a fairly big way but it appears that there is also someone at Yorkton that has been accumulating a fairly large position at the same time. As I watch the Yorkton trades I think I am seeing two distinct groups at play. For example, someone at Yorkton just bought 10,000 at the offer from Yorkton (a cross). However this type of two sided action has been going on for a while. If you remember on June 17 there was a cross at Yorton for 225,000 and two weeks ago we had another cross at Yorton for 47,000. There has also been a bunch of 10,000 block crosses and tons of smaller ones. If you go back for the past 6 months you will find that Yorkton has sold 1,800,000 shares. However they have also bought 900,000 shares during that same period. After watching the price action and having such a narrow price range during this period I find it hard to believe that this is someone flipping stock around. So the two questions become - who and why did someone sell 1.8 million shares and who is buying? Even more weird...if you got back two years and add up all the Yorton buy and sells they come out almost even ~4.8 million both ways. Has one group (gold mutual funds?) been selling a massive position and another group been accumulating a large position at the same time? I have drilled Jim Graham, William Staudt and Brian Hinchcliff on who is selling from Yorton and nobody seems to know. Jim mentioned that since he has been at JDX (5 years) that Yorton has always been a big seller of shares. I will leave it up to someone else to figure out what this all means. Best Regards KEITH