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Gold/Mining/Energy : Pacific North West Capital Corporation-PFN on Alberta -- Ignore unavailable to you. Want to Upgrade?

To: koan who wrote (1910)	8/1/2000 4:06:36 PM
From: Brumell	Read Replies (1) \| Respond to of 2255

The following has been making the rounds in Europe. It may explain today's higher volume in ITF. __________________________________________________________ > Platinum Group Metals > The Latest Resource Darlings > > > The platinum group metals have been showing wild price fluctuations all year, providing us with spectacular profit opportunities on several occasions. Just this week palladium soared $29 in a single day to close at $756. The reason cited by dealers for that jump was the lack of news and metal coming from Russia. There's good reason to believe that's actually the case, as Japanese contractors are reporting there have been no deliveries of metal for more than two weeks, and they don't expect the supply picture to get brighter any time soon. Part of what drives the price of these metals is the uncertainty regarding Russian shipments. > > Any way you look at it, the PGM fundamentals look very, very strong. Demand growth shows absolutely no signs of slowing, and the condition of Russian exports remain questionable at best. And because the lion's share of platinum and palladium come from the Ruskies, opaque market conditions and questionable production and distribution policies will continue to drive the price - regardless of whether what's reported is rumor or hard fact. > > It's testament to the degree that Russia has been democratized. Any metal produced (most of which comes from Norilsk Nickel) first goes through the gauntlet of the Russian government. Given this, and a myriad of other possible scenarios, it's likely that we'll see palladium's record high of $803 broken before year-end. Regardless, such extreme volatility is a good thing - provided you're on the right side of the trading activity. > > All of these trends bode well for International Freegold, whose exposure to the PGM market is impressive, and will certainly treat us well on any additional positive exploration news. We've seen this pattern in the last few months with ITF, and chances are, we'll see it again. > > > International Freegold - ITF - T > > International Freegold Mineral Development Inc., aside from its extensive Canadian properties, recently acquired an additional PGM project in Alaska. After conducting extensive analysis of Alaskan PGM projects, Avalon Development, acting as Freegold's geological consultant, recommended the acquisition of the Union Bay prospect which consists of 105 unpatented Federal lode mining claims covering 2,100 acres. The Union Bay prospect is located near tidewater on the Cleveland Peninsula of mainland southeast Alaska - about 35 miles northwest of Ketchikan. > > Reconnaissance exploration is expected to begin immediately, including geological mapping, reconnaissance rock sampling, heavy mineral concentrate sampling and reconnaissance soil sampling. A Phase I summer exploration program is already under way on the previously acquired Tonsina PGM prospect in south-central Alaska. Freegold staked 5,600 acres there and acquired an additional 36 square miles through an option agreement with Ahtna Minerals Inc. > > Freegold's main focus remains the acquisition and development of platinum, palladium, rhodium and gold projects in North America. Since we expect the PGM market to remain strong throughout the year, ITF is in the right place at the right time. Freegold now has eight PGM properties in the Sudbury Mining District in Ontario, and with working capital and securities of $1.2 million and no debt, the company will be able to exploit those properties without delay. If you don't already own ITF, it's a good time to buy. Shares are trading at the same level they were this past spring, before rewarding us with a solid triple. > > ITF remains a highly leveraged way to gain exposure to the PGM market. As we've recently seen, any exploration success will reward us with a sharp increase in share price as speculative buyers move in and push the bid up. These price swings are rapid and can themselves cause a speculative frenzy, so use good trading discipline and sell half of your position on any double. Stick with this strategy.

To: koan who wrote (1910)	8/11/2000 4:48:54 PM
From: Brumell	Read Replies (1) \| Respond to of 2255

A reply Koan!! I made the following post on SH and believe it should be here also. PFN management have been taking a very bad rap for some time. I believe our shares have suffered as a result. The person (Vic???) making these charges is a member of S.I. and his reply would be welcomed here. I don't believe a cheap participation is or was planned. I believe it was exactly the opposite. The reasons are below. When finished reading, ask yourself if it's likely Haywood will be doing a participation at any price for PFN as alleged by the SH poster. ___________________________________________________________________________ The following was released last night by Haywood in their Radar Screen Commentary. It is a downgrade of PFN. >>> Pacific North West Capital (PFN-V) released Phase II drill results late yesterday afternoon. The Company completed fourteen holes (2820 m) in the vicinity of the Dana Lake PGM. The five holes (16, 17, 14, 24, 23), which targeted a broad IP anomaly north of Hole 8, encountered narrow intervals of low grade mineralization. Step-out and infill holes in the Road Zone and North Zone have extended broad PGM mineralization to 180 m depth at some cost to grade. Hole 27 drilled in the Trench Zone gap intersected two zones of weak (subgram) mineralization. Phase II results are clearly a disappointment and we expect the market to cast doubt over the project. We are downgrading our recommendation on PFN to a HOLD. Dana Lake remains one of the best grassroots PGM discoveries in the realm of the juniors and Amplats appears to agree. Yesterday, PFN announced that Amplats will increase exploration spending on the property this year by 50% to $1.5 million. Speculative investors with strong nerve and patience may want to re-enter the stock after the sell-off to play round three. <<< ____________________________________________________________________________ Now let’s take a look at Vic’s posts about the upcoming PP. Actually he recently referred to two upcoming PP’s. What follows is from his post to me dated 08/10/00 number 1935366 entitled Vic’s Crystal Ball >>> If all you doubters think PFN is flush with cash at $1.5 mil well wait until the big PP from LOM goes thru after the Haywood cheapie…. Vic <<< Many assume that shares sold by Haywood were insiders selling. Not true and insider reports have conformed this. Yet selling was consistent by Haywood so who was doing it? The answer was probably normal Haywood accounts but certainly the house was unloading theirs. As Vic has noted, LOM was on the scene. I believe PFN wanted to do a PP at high prices calculated to put serious money in the company’s coffers. Nothing wrong with that and actually a good idea. They did not want a cheap PP contrary to Vic. The problem was Haywood already tried doing that for ITF and failed. They wanted to do a cheap one for PFN and PFN balked. So PFN talked with other brokers and it appears LOM was the one selected. Cut out of future business, Haywood has been dumping. Their final step and finishing touch was last night’s downgrade. Nice folks at Haywood!! Some may ask if Haywood had inside info. My guess would be no. With Vic it appears the answer could be different. If so, it means once again he’s placed friends in jeopardy. We’ll see. Hope not!