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Gold/Mining/Energy : Redbird (RBD.A on the ASE) -- Ignore unavailable to you. Want to Upgrade?


To: Winzer who wrote (124)2/4/1998 11:49:00 PM
From: Kevin Oberlin  Read Replies (1) | Respond to of 130
 
Rumor has it that Redbird has acquired(or is in the process of trying to acquire) a diamond property somewhere in western Canada. My guess is that the latest share price runup was probably insiders buying on this knowledge.
They are also dragging their feet on drilling the underwater part of the Best/Armstrong property. I don't know exactly why. They don't have much time left before the ice will be gone. I do know that the property has been previously drilled and the results are extremely promising.
Either way, I think that the next couple of months should be a lot better that the last few.

Kevin