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Gold/Mining/Energy : Int'l Freegold Mineral Development Inc./ITF/VSE -- Ignore unavailable to you. Want to Upgrade?

To: tanoose who wrote (196)	2/28/1998 2:09:00 PM
From: Furry Otter	Respond to of 298

Yes, the Barrick news is very intruiging...here is a company that had to close down some mines last year, is suffering from the abysmal POG as much as anyone...yet here they are spending finite resources to exercise an option to buy one million shares of what has been a 35-40 cent stock for $1.25/share. IMO, Barrick expects the price to exceed $1.25 in the very near future, or they would have blown off the option and quietly acquired their shares at the market price, over the course of a few months (which is not not say they have not already been doing this also!). Best of luck on Monday, everyone. I would say that any price below $1.25 is a good deal for a buy. It will be tempting on Monday, but I wouldn't sell until we get a better idea of what is coming down the pike. Regards, Otter