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Gold/Mining/Energy : Red Sea Oil Corporation (RSO) -- Ignore unavailable to you. Want to Upgrade?


To: Gord who wrote (29)11/30/1997 2:43:00 PM
From: Dav!d  Read Replies (1) | Respond to of 332
 
Hello,

the Lundin family and friends are very rich and usually will control 50% of the shares of a particular company. Now, think about it: You CAN buy 10,000 shares at $1.10 but NOT 200,000!!! Get it.
even though they had to pay more money, they were able to buy a lot of stock at relatively cheap prices (i.e. approx $1.25). This is a good sign becuase they wouldn't have done it if they thought they were going to lose a lot of money. Expect some type of promotion to occur in the next few months.

Especially watch for cross-trades around $1.25 to signify a run.

David



To: Gord who wrote (29)12/3/1997 8:17:00 PM
From: Dav!d  Read Replies (1) | Respond to of 332
 
Hello Gord,

Interesting trading today on RSO. No cross trades today (I do expect them real soon) but a good movement in the stock, from $1.35 to $2.40. Whom ever owns shares in this stock, WATCH the trading from Odlum very carefully. Insiders and friends trade through Odlum.
Some have made a lot of money in the past from from the rights offerring and I expect strong resistence at present levels until more news come out. This stock could easily fly to $5.00 or go back to $1.00 on bad results. I would strongly suggest to take some profits and make sure your ave. share price is under $1.00 to be SAFE! Just my thoughts and opinions. Congrats!

David.



To: Gord who wrote (29)12/8/1997 11:02:00 PM
From: Timelord  Read Replies (1) | Respond to of 332
 
Is anyone excited about the 241% gain in the share price or is there a lawn bowling tournament somewhere? <VBG>.

This is a very strong showing by the share price, in view of the 5+M shares recently purchased at CDN 1.25. Must be a great urge to lock in profits, but there seem to be as many buyers willing to pay a premium. Tomas notes on the IRPPF thread that the target Beda level should be reached this week:

Message 2894010

If the price keeps skyrocketing through next week, we may have ourselves a nice Christmas present...

Alex