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Gold/Mining/Energy : AVL.V - AVALON VENTURES -- Ignore unavailable to you. Want to Upgrade?

To: The Fix who wrote (653)	4/3/1998 8:34:00 AM
From: D McP.	Read Replies (1) \| Respond to of 1474

Fix: Why not call him and ask why he's sold 6 x 45 lots. If you don't want to, tell me where you got the data and I'LL call him up. Enquiring minds want to know... D McP.

To: The Fix who wrote (653)	4/3/1998 9:33:00 AM
From: DRT	Read Replies (1) \| Respond to of 1474

You missed two relevant transactions, the first one was previously reported, the last one (Feb 20th) indicates why shares were sold from Feb 9-11: Donald Bubar AVALON VENTURES LTD Date Buy Sell # Price Balance 02-09-1998 0 10 31,600 1.600 1,030,400 02-09-1998 0 10 18,400 1.610 1,012,000 02-09-1998 0 10 10,000 1.670 1,002,000 02-10-1998 0 10 10,000 1.920 992,000 02-10-1998 0 10 2,200 1.950 989,800 02-11-1998 0 10 7,800 1.950 982,000 02-20-1998 0 20 40,000 0.600 942,000 *02-20-1998 20 0 250,000 0.750 1,192,000 Note: The sale of 80,000 shares = $135,600, but that money and more was probably required to exercise 250,000 options on Feb. 20 @ $0.75 = $187,000. The net result - total holdings increased from 1,030,400 to 1,192,000. The 40,000 @ 0.60 was a disposition carried out privately (already issued securities). _________ One should not read anymore into this than what it is. I do not interpret this as an attempt to sell shares prior to pending results - its the opposite - the transactions were for obvious reasons (to accummulate more shares). It pre-dated any results from the in-fill drilling on the Big Whopper and the initial drilling on Wolf Mountain (announced Feb 10). It also pre-dated exploration drilling on the Big Whopper and the positive news expected on the metallurgical tests and the final market study - all of which will graduate this discovery to a higher level!!! One should also note that the transactions were timed not to impact negatively on the stock price. As for the company's properties and its management, I can only say my level of confidence has never been greater!!! (this coming from one of the biggest skeptics and the first one to challenge any signs of insider selling, etc. as I have done in the past!). DRT