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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: mabiba who wrote (26897)	11/5/2003 10:10:49 PM
From: Ed Ajootian	Read Replies (1) \| Respond to of 206085

mabiba, TMR -- A clue that there has been some shorting by the convertible preferred stock holders is that short interest in the stock skyrocketed once it got into the mid-4's. I believe it was a strong factor for what brought the stock down last time, and will be one that will continue to hold it down some in the future. Also, the dilutive impact of all those additional common shares getting created when the stock goes over $4.75 will serve to keep the stock price down under that until they can demonstrate enough cash flow and reserves to justify the valuation with those additional shares outstanding. But I believe that when TMR gets drilling again in a few weeks the news from this activity will serve to blast through this brick wall caused by the preferred shareholders shorting against the box. I don't believe the fact that it will likely be held down some by the preferred shorting is a reason not to own the stock. If nothing else, in 16 months they'll be able to call it at par anyway.