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Strategies & Market Trends : Winter in the Great White North -- Ignore unavailable to you. Want to Upgrade?


To: ralfph who wrote (543)4/7/2001 12:57:47 AM
From: tyc:>  Respond to of 8273
 
>>Come on all yee Bagholders and flush out whats wrong with this puppy.

Perhaps nothing wrong BUT.... "they" were accumulating this stock between .35c and .39c for months, and they could buy all they wanted then. Why should "they" still be accumulating @ .60C? (I managed to sell mine at .65-.67).. Too risky at this level for me. Wait to see what they have in mind.



To: ralfph who wrote (543)4/7/2001 3:06:19 PM
From: marcos  Respond to of 8273
 
They were 'making 24 cents per share', but the Golden Bear [is that the name?] is just about mined out now ... it was sweet, but it is history ... so question is, what's next ... i do plan to look at it closely, but in the meantime am inclined to take tyke's view of it ... to be cynical about it [for just a moment, lol] - if there really is something significant coming there, wouldn't they be more likely to take it down for a long bottoming accumulation period ... ?? ... just glancing here, i don't like it short-term - stockcharts.com
... going to test its 50-day at a minimum, could be had for .45 ... even .40 .. ?? ... i dunno, don't know well the story, but yes it's on the short list for details-digging.

I like your scq.v better - stockcharts.com
... hmmm, stockcharts is having trouble finding it ... but i was thinking of stink-bidding for a little of it, and a little tnk.to as well, for long-term in an rrsp ... you know they'll both get run eventually



To: ralfph who wrote (543)4/20/2001 12:16:02 PM
From: tyc:>  Read Replies (1) | Respond to of 8273
 
Hi ralph!

In my earlier reply to your posting about T.WRM, I told you I had sold my shares. I bought them back today.

WRM has some C$25M in the treasury to invest. Before the recent reorg., they said that they were not interested in gold at these prices, but could be interested in base metals. Meanwhile they have a carried interest in the Goose Lake gold project in Nunavut that Kinross is exploring for them.

I pointed out recently that the Nunavut government transportation strategy includes an all weather road from Bathurst Inlet to Izok Lake, to provide infrastrucure for mine development (subject to a feasibility study expected to begin this year). This road would help the economics of Goose Lake.

Several years ago, a predecessor company, Kit Resources, tried to buy Izok Lake just because of this contemplated infrastructure.

Today I read in the Estruscan Resources annual report that they are seeking a buyer for their 60% owned high grade zinc property at Hackett River, which is right on the proposed route of the proposed road. (Cominco holds the other 40%).

It just strikes me that if WRM is still interested in Nunavut.. and because of Goose Lake they should be... this Hackett River property could be "a natural" for them.

Sorry to be so long-winded, but the mining prospects in Nunavut are most interesting. I just wanted to post this so I can say later, "See, I told you so!"