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

To: Daytek77 who wrote (46)	11/21/1997 7:04:00 PM
From: John Sladek	Read Replies (1) \| Respond to of 401

Hello everybody: I have been accumulating WTC since Jan 1996, and my average price is $1.66. I bought WTC as a long term holding, and I plan to sell it sometime after they have some of their properties in production. I think that these results show that there is now a real possibility of a much larger ore deposit. It will take time and money to plan and execute the drilling that will be required to determine if the deposit is minable. The geophysical assessment seems to indicate that there is a big pile of metal down there. But if it's not economical to mine the deposit then its all just money wasted in the end. My big question is where was all that demand coming from! It was just outrageous to have hundreds of thousands, and sometimes a million or more shares a day changing hands. I'm sure that the market float in this company must be around 10MM shares (since there's only 13MM or so outstanding). I realize that we're not talking about huge sums of money here because 1 million shares a day would have been in the range $1-6 million dollars based on resent share prices.. But, if one of these players had a bunch of WTC that he got at $2.40 and wanted to unload before year end it if he could get the price up, and didn't care how he did it. The day-long stop trade would provide him ample opportunity to phone all his buddies at various investment type copanies and do some promotion (perhaps plant a juicy rumour or two). With the market primed,when the initial results came out positive (which was probable given the situation stop trade), the price took off. The manipulator might have even done a small amount of buying initially to get the price up. Was stock market manipulation behind all that buying and selling? I must be getting paranoid, this is the second "Conspiracy" I've seen today :-) Regards, John Sladek