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

To: Ed Pakstas who wrote (2610)	1/2/1998 12:54:00 PM
From: Buckey	Read Replies (2) \| Respond to of 11676

Ed; I have watched this gap for a long time and have managed to be lucky when I have sold one for the other. The first time I got into NAI was at $1.25 when I sold some DML for $1.96. basically I got 1.5 the shares and paid the fees. I then sold all of that NAI for $0.85 and I picked up some DML for $.94. On that set of tranactions I managed to get 1.3 times the DML I had originally had and paid the fees. I beleive that the short termers will shorten the gap on the buy side as they only look at the DML/NAI jv. The long termers will widen the gap as they look at DML and the fact they have all of SVB covered. I beleive that the last few days have been more sophisticated buyers picking up DML for the longer term. I look at the ratio as much as the gap. Looks like someone turned the tap off - then again it's lunch time in T.O.