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Gold/Mining/Energy : Silver prices -- Ignore unavailable to you. Want to Upgrade?

To: CuriousGeorge who wrote (285)	12/16/1997 1:31:00 PM
From: Mark Bartlett	Read Replies (2) \| Respond to of 8010

George, <<Doesn't FSR have about 28 million shares that will become free trading in Feb '98??>> They have 14.7 million in escrow and 14 million that become free trading on Feb 10/98. MB

To: CuriousGeorge who wrote (285)	12/16/1997 8:59:00 PM
From: Claude Cormier	Read Replies (1) \| Respond to of 8010

<<Doesn't FSR have about 28 million shares that will become free trading in Feb '98??>> Yes. However, the owner is not selling into the market. There is a major demand for big blocks from the canadian brokerages industry. As you know, there ain't too many pure silver stocks around. Several funds want to participate in FSR. A 500K block was snap up very easily a month ago. <<I like FSR, but have been waitng until Feb because 1) I thought I might be able to get into it cheap at that time and >> Well two things could make the prices much higher by then: higher silver prices or the announcement of a large increase in reserves. 2) didn't want to get buried by 28 million shares if I bought mid July. Well the price at C$0.70 was a real bargain last summer. CC