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Gold/Mining/Energy : Corner Bay Silver (BAY.T) -- Ignore unavailable to you. Want to Upgrade?


To: IngotWeTrust who wrote (2234)12/18/2001 3:18:50 AM
From: LLCF  Read Replies (1) | Respond to of 4409
 
<Okay, kiddies....now let's hear ole Russ and Claude the Craps Table Croupier explain why they didn't tell you all that warrants trick was coming and how to play it????>

As a starter I'll say I don't know Corner Bay, so take this with a grain of salt, but if warrants were exercised it would typically create a seller of the stock, not a buyer.

DAK



To: IngotWeTrust who wrote (2234)12/18/2001 4:04:59 AM
From: Canuck Dave  Read Replies (1) | Respond to of 4409
 
Thanks for the warning and information, GT.

I couldn't sleep tonight and logged in to see how things are going. Silver printing 4.42 as I write this, so I'm looking forward to maybe making a few paper profits tomorrow in a number of issues.

As far as BAY is concerned, I'm a trader on all speculative issues. They don't perform, I dump em. It's that simple. Right now, BAY is outperforming all my other precious metal issues, so I stick with it. Also that simple.

I don't mind you screaming a Cassandra warning on this issue. If you're right, I'll see the action in the tape and let er go. I can't stand Auric Goldfinger's style, but he sure saved me a whack of dough on an issue a couple of years ago.

Isn't this business fun?

CD



To: IngotWeTrust who wrote (2234)12/18/2001 7:39:22 AM
From: russwinter  Respond to of 4409
 
<let's do the math...180,000 were warrants>

180,000 "dilution" for a stock with 15.55 million shares out? Get serious.

<.05 trades in and out twenty times>

Ludicrious. You just don't get it, do you? I can see a little overhead at 2.50, maybe a trader would sell that and get back in on a dip, but why bother. I'm in for the long haul. Watch and learn.



To: IngotWeTrust who wrote (2234)12/18/2001 9:39:59 AM
From: Claude Cormier  Read Replies (1) | Respond to of 4409
 
G_T,

You are right. There were 183,444 warrants probably exercised at $1.50 and sold on the market via a brokers transaction.

These were the warrants owned by the underwiters of the $5 million financing of December 2000. This is normal business. Nothing strange. As you see, the underwriters did'nt have any problem placing the shares as there where buyers waiting in line.

As for dilution, it is also normal for a developing company. BAY will have to financed his project to production. Eventually in 2002 they will issue 10 millions shares somewhere between $2 and $3 to get Alamo Dorado going. We all know that.

This expected dilution is what will increase the number of sharholders and market capitalization to allow the US listings in 2002. Everything is planned everything is progressing as expected.

Remember G_T, BAY has a real project. Has hired top reputable consultants in the name of Amec Simmons and Mintec to help them bring that mine up. This is for real.

As for ourselves. I am glad that you agree with our policicy of buying after our subscribers. And we did so in BAY. In fact our last purchases were at $1.68 and $1.85 in November. And we are not selling yet.

Now do you want to talk about the specifics of BAY's Alamo Dorado project. I am sure you will agree it is a great silver deposit.



To: IngotWeTrust who wrote (2234)5/17/2002 4:28:21 PM
From: marcos  Read Replies (1) | Respond to of 4409
 
What, over two loonies already! ... kin yuh imagine

'Dave, you're a fool'
... and that rhymes with pool
right here in River City
</snicker>