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Gold/Mining/Energy : MARUM RESOURCES ON ALBERTA -- Ignore unavailable to you. Want to Upgrade?


To: philip trigiani who wrote (526)4/8/1998 6:33:00 PM
From: JP  Read Replies (2) | Respond to of 2514
 
<<Why would anyone be dumping this stock with KIM's in bank?????????>>

Philip -I don't own MMU but I want them to find kimberlite since it will help things in general. I do however find it interesting that so many people have fallen for the 'Technical Blitz -that MMU has done'
I assume the stock has not done anything for the following reasons
1) Ashton has kims and diamonds and is doing nothing on the market -why should MMU?
2) I read the news release to be saying that they found some green sand. Big deal!
3) They include in their release the most decieving sentence I have yet seen in the Alberta Diamond Play. They say that they have sent the core to the lab to check for 'diamonds and indicator minerals' you and everyone else is assuming that this means that they have Kimberlite. If they have Kimberlite -they probably would have said so -my understanding is that a geophysicist can recognize Kimberlite visually.
I can dig up a bucket of dirt and say that I am looking for diamonds -but that is a bit decieving in my book.
4) The core sample they have pictures of -looks like clay to me.
5) They say they drilled down to the rock and stopped there. Isn't kimberlite a type of rock. So they only would have got a small sample with that fence post drill in the photos -what is the chance of Diamonds in that size sample. They are therefore looking for indicator minerals and have found squat.

Sorry to sound negative -I want them to find kims too -but you asked the question. No use arguing this - it is simply how you read the news release. Personally, I think the -no news- route would have held the stock up better. On the market -logic does not apply!!! JP