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Gold/Mining/Energy : Western Copper Holdings - WTC.T -- Ignore unavailable to you. Want to Upgrade?

To: TheBusDriver who wrote (518)	9/13/2002 11:01:06 AM
From: div5226	Read Replies (2) \| Respond to of 754

Wayne Whenever large positions are announced for sale there is usually an arrangement with a buyer which remains initially unannounced. In other words, a cross is probably in the works. Teck's proposed sale will not throw shares onto the market and thereby lower the share price. Whatever Teck's reason for sellng some of its WTC holdings (I suspect its to raise cash) the fact that they can find a buyer for such a huge block is very favorable for WTC. In fact, one could make out a scenario, as a speculation, that a fund went to Teck, since Teck holds a large position, and induced them to sell off a block (possibly in exchange for some undisclosed consideration such as a promise to facillitate funding on some other project in the future---who knows?) In any event, I await news about the current drilling program. Come to think of it, now that my imagination is running a bit wild, maybe the buyer of the block has found out something that we do not know as yet. Regards, DIV