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Gold/Mining/Energy : Int'l Wayside Gold Mines Ltd (IWA-VSE) -- Ignore unavailable to you. Want to Upgrade?


To: bully who wrote (834)4/16/2000 1:35:00 PM
From: Marcman  Read Replies (1) | Respond to of 1321
 
The release was sent over the weekend because IWA is at a Gold Show in Chicago where they wanted to release the results. There is no unfair advantage to anyone by a Saturday-Sunday release. Last results release was issued at a gold show in Alberta over the weekend prior to being posted generally prior to opening on Monday.

A number of the companies I hold send out their news releases by fax or e-mail to shareholders at the same time that the news is being released to the market. As long as no advantage can be construed, then there is no fault and no foul.

I like the numbers on this release. They appear to show a continuation of the new zone of mineralization. That's the kind of news we want to continue to hear.

Is there more? I have no idea, although IWA has certainly spent a lot of time and paper acquiring the land around the find. They must believe it if they continue to acquire.

As some have mentioned, there should be another release this week -- maybe Hole 9, maybe something else.

But of course, we have no idea how the market will react Monday to this news. There was a time when I would have predicted a gap at opening on this kind of news. I can't claim to be sure of that kind of thing anymore. The market is a strange beast.

GLTUA,
Marcman