Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Just Wayne who wrote (1284)	1/5/1998 8:23:00 PM
From: david f. dempster	Read Replies (1) \| Respond to of 4256

Price for stock is usually based on comparision to other stock. ACA was at around 80 cents when they hit kimberlite they went to 2+ dollars. Take profits when you can but I see this going up to 2.00 if ACA has good results from K14c we will be 2+ until sample results come back. I think the wise thing to do is sell into rise and keep a core stock that sits waiting for the 2 carat diamond found in the drill core. An event like this can send the stock up nicely. Ashton has already proved kim's can produce on the craton, all Montello has to do is produce Kim's and of course diamonds. Montello will be the first Junior drilling after ACA. IMO we will get the first run-up. If you sell now you might be disappointed(after holding for 9 months). I believe by mid January we will be at 1.10- 1.20 range. To each his own!!! Due what you need to do. I would wait another 2 weeks before you think about selling, by then we should have heard about kimberlite.

To: Just Wayne who wrote (1284)	1/5/1998 9:25:00 PM
From: Chris	Read Replies (1) \| Respond to of 4256

Thanks for replies. Wayne feels 1.25 is about right for kimberlite only news whereas Zarman and Dempster feel that such news could take us to 2.00. MEO prices might not parallel Ashton's for similar results. I hold both. They have different ownership structures, joint ventures, track records, shares out, etc., and this is a different time in the market. There are so many variables. We'll see soon enough. My view is closer to Wayne's - what has changed? However, David, I won't sell yet and I won't sell all. Just trying to get a feel as to what the near-term peak may be to help set a price at which to flip. After a year and a half, Montello should make some money for me. Montello held today at .82 down a little from Friday's .85, but still pleasing. I will wait until we hear that drilling has started and then see about selling some. Buy on rumour, sell on news?