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Gold/Mining/Energy : Montello Resources -- Ignore unavailable to you. Want to Upgrade?


To: dan jay who wrote (1246)12/30/1997 4:45:00 PM
From: J.C.  Respond to of 4256
 
My understanding is that MEO has 10-15 different groups holding alot of stock. I guess one could complain about the structure but this stock has been very liquid in the past 3 years I've been following. If I rememmber correctly when Aston starting drilling they new it was Kimberlite right away and made a annoucement. I wonder if this MEO will make a quick announcement. I guess if they did hit they would have to announce because that would be a material change. One thing I have noticed is that MEO Always tries to maximize thier news. Come next week we will start hearing more. This is a great play we have alot of coverage from alot of news letter writers.

J.C.



To: dan jay who wrote (1246)12/31/1997 6:57:00 AM
From: JKNF  Respond to of 4256
 
<<<...One of the things bothering me about meo is why would someone want to sell 125,000 shares meo was so good....>>>>

Dan I've got to give you a response to this one, the 125,000 shares also bothered me. I'm with CTT Brokerage, I had one of the traders check into it for me, what he found was that it was not just 1 seller but around 11 sellers, Nesbitt had 50,000 up for sale out of the 125,000. I guess people are just taking profits, if it were one seller I would probably be a little concerned, however with so many, just normal trading and profit taking. I'm curious to see if the sellers at $0.75 leave their shares there this morning or whether they will change their asking price due to the $0.75 close on MEO yesterday.

Happy New Year to all !!!