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Gold/Mining/Energy : Donner Minerals (DML.V) -- Ignore unavailable to you. Want to Upgrade?

To: watcher who wrote (651)10/28/1997 8:21:00 AM
From: the Chief  Read Replies (1) | Respond to of 11676
 
A different perspective!!!!!

I am no longer sure of a "today buy" I don't think the run is over yet. I am doing the following;

1) Waiting for an obvious run to start on market open
2) Waiting through a small dead cat bounce by midday
3) a final selloff just before market close

I think #3 will be the buying opportunity and not #1 . I sold my 1/3 CRN/DRZ early yesterday so am in good position for a buy today. Things to ponder;

4 Articles in Financial post harping on the "deadness" of minerals. INCO stating that its bottom line is a "bottom line". An article saying Nickle is being extracted from "used stainless". The demand dropping. The price of nickle dropping to new lows.

I think the mentality over the next 3 months will be a significant allergy to any mineral

I am changing my buy in on DRZ/CRN from $1.75-$1.99 to $1.25 - $1.40

I will reasess based on morning market sentiment.

Good Luck to all

the Chief



To: watcher who wrote (651)10/28/1997 9:17:00 AM
From: Jimsy  Read Replies (1) | Respond to of 11676
 
Watcher Watcher - I think they are only drilling on Northern Abitibi, Major General, NDT, Cypress, and their own 100% ground, and it would not surprise me that they have found a pond or another dyke in this geological setting.

If so, this bodes very well for this area to become a long term exploration program and greatly increases the prospects of finding an economic ore body.


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