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

To: Jimsy who wrote (2323)	12/13/1997 3:32:00 PM
From: Mr Metals	Read Replies (2) \| Respond to of 11676

Hi Jimsy Don't forget to read the part on Donner. Sorry State Of Mining Stocks If lower precious metal prices wasn't enough to discourage investors this year, the added stories of scandal, stock manipulation and just plain rumor trading tactics continue. A mining consultant provided more evidence Thursday that Delgratia Mining Corp.'s Josh gold property in Nevada is nothing more than an elaborate salting job. Delgratia shares (DGRTF/NASDAQ), which traded as high as US$34 3/4 this year, collapsed in June when consultant Brian Mountford & Morris Beattie, reached a similar conclusion. Earlier estimates had indicated Josh contained up to five million ounces of gold. On Friday, when the Vancouver company tabled results of a new report by its own consultant, Behre Dolbear & Co. Inc., the stock fell 1/4 to 1/8. The comany said soil samples that were fire-assayed by Actlabs-Skyline Laboratory in Tucson, Ariz., contained no significant amounts of gold. "Our investigation indicates that geologically, the area is not one in which gold deposits derived from volcanic, magmatic or chemical sources would occur." Earlier this year, Delgratia was hit with several shareholder class action suits after it was revealed salting had taken place. On Friday, Delgratia said the Behre Dolbear results support the company's previous decision to suspend all work at Josh. A week's worth of frantic, rumor-driven stock trading in three junior mining companies ended in a major meltdown Friday as Donner Minerals Ltd. announced poorer than expected assay results from its drilling in Labrador. The dramatic late-day selloff cut 43% from Donner's share price and sliced in half the stock of Northern Abitibi Mining Corp., its 50% partner in exploration about 80 kilometres southwest of the vast Inco Ltd. nickel deposit at Voisey's Bay. "The market was looking for higher-grade nickel," said Graeme Currie, a mining analyst at Vancouver-based Canaccord Capital Corp. "The average grade of nickel at Voisey's Bay is double the nickel grade reported today [Friday]." Both Donner and Northern ended about where they were a week earlier, before the Alberta and Vancouver stock exchanges halted trading on Dec. 5 after their shares jumped suddenly on heavy volume. On Monday, Donner - which is operator of the drilling program - announced its last hole of the season "intersected 15.7 metres of massive sulphide mineralization," a visual description of the core, but not actual assay results. Donner stock jumped to about $2.60 after that news, then fell back just as steeply in furious trading through the week. The stocks were halted again Friday on news of the assay results from the same hole, news that sent the shares into freefall when they resumed trading midafternoon. Donner stock (DML/VSE) fell 73› to 98› on volume of 2.2 million shares. Northern Abitibi (NAI/ASE) dropped 71› to 67› on volume of two million shares. Shares in Golden Rule Resources Ltd. (GNU/TSE), the parent of Northern, fell 30› to 62›. The Alberta Stock Exchange is seeking the people whose trading started the mysterious run-up in Northern shares on Friday, Dec. 5. That stock jump just after 3 p.m. EST came two minutes after Donner chief executive David Patterson says he got a call telling him of the "massive sulphides" core. Tim Daly, the ASE's vice-president of market surveillance, said his exchange discourages the kind of incomplete disclosure used by the companies in this case. "The ASE would rather see firms not announce visuals, but the market demands news," he said. "We had the same problem last year with Cartaway [Resources Corp.]," a mining junior whose stock soared on visual news and later collapsed after assay results came in. The VSE is also reviewing trading in Donner stock on Dec. 5. But Angela Huxham, the exchange's director of surveillance, said Friday she was satisfied with the company's disclosure on the assay results. "People [investors] who don't understand the risks - maybe they shouldn't be speculating." Patterson and Donner's new president Harvey Keats say they have no idea what might have sparked rumors about the drilling results. Innocent until proven guilty. Mr Metals

To: Jimsy who wrote (2323)	12/13/1997 3:44:00 PM
From: Mr Metals	Respond to of 11676

Jimsy I proved beyond any doubt that we did not start a rumour about Donner. Don't worry about that. We know we didn't start the rumors and if anyone(ASE,BCSC,VSE ETC ETC) wants to say we did then I have one thing to say... GO FOR IT. I've noticed that all the exchanges are going after every company with halts,clarifications,what's this,what's that..etc,etc,etc. The reason is they are trying to make up for the HUGE mistake they made when it came to BRE-X. Sorry guys but it's a little late but keep up the great work. Mr Metals

To: Jimsy who wrote (2323)	12/13/1997 5:53:00 PM
From: Ed Pakstas	Read Replies (1) \| Respond to of 11676

Hey Jimsey...Will he print a retraction???...ed<eom>

To: Jimsy who wrote (2323)	12/13/1997 8:27:00 PM
From: Surething	Respond to of 11676

Hey Jimsy Poo.....I'm glad you bonded with that reporter from the Financial Paste. I am disturbed however that he/she/it will not be doing an immediate follow-up story exonerating this thread and the Internet. It is obvious to me that these guys don't give a snit about the truth. They are there to sell newspapers by twisting and distorting the facts. They have been allowed to get away with it for too long. ENOUGH is ENOUGH. Unless that Newspaper reporter files an immediate follow-up story showing how the Internet was not responsible for Donner's trading activities prior to the news, then I will say you wasted your time. Thanks for trying. Best wishes Surething