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Gold/Mining/Energy : Medinah Mining Inc. (MDHM) -- Ignore unavailable to you. Want to Upgrade?

To: Handshake™ who wrote (2037)	4/17/1998 9:10:00 AM
From: slave	Read Replies (1) \| Respond to of 25548

Are you expecting a news release today????????

To: Handshake™ who wrote (2037)	4/19/1998 8:52:00 AM
From: Handshake™	Read Replies (4) \| Respond to of 25548

Think this is of interest: To: James F. Hopkins (157 ) From: James F. Hopkins Saturday, Apr 18 1998 10:51PM ET Reply # of 167 To All; I will furnish this information I got via e-mail, how ever I won't reveal the sorce of the information..it is posted only so that you may do DD , and seek out a way to validate if you are so interested. Hence I make no claim that it's fact nor do I wish to validate it for you. It's a lead..for you to follow and check out for yourselves if you can or know how. -------------------------------- The rumour has been that the deal would be two MAR for one DAY (this is just a rumour) and it looks like the market is pointing in that direction. --------- MAR spent some more money on various exploration joint ventures. The biggest expenditure was of course on DAY. 5,000,000 shares @ $3.20 and another 1,000,000 announced on Friday @$1.97. This raised their position from 12.2% to 14% plus. I'm wondering why? Why increase their position. ( note it's now about .6M more than this ) If you check the SEC reports you will see 9 filings of 13G forms. These are the reports that companies must file if they buy more than 5%. What intrigues me is that MAR announced on Feb 4 that they had bought 12.2% of DAY. According to the 13G filings (which must be filed 10 days after the purchase that puts you over 5%) Heartland Fund filed on Jan 27 for 5.5%, Lindner Fund filed on Jan 28 for 7.65% (they previously had a position but had added to it), on Feb 9 T Rowe Price filed (they too had a previous position that they added to the 10 days prior to their filing) for 9.2% and on Feb 13 the Ontario Teachers Pension Fund filed for 6.2%. It seems more than coincidence. On March 20 another investor, Elliott filed reporting 5.39%. What conclusions can be drawn from this can only be speculation. But my speculation is that MAR is going to merge with DAY and they need the 50% vote of DAY shareholders to do it. If you add all of these %'s together 5.5% + 6.2% + 7.65% + 9.2% + 5.39% + 14.8% = 48.74% and I believe that the management of DAY owns a couple of percent. It, of course has been rumoured that DAY and MAR will merge and perhaps McWatters with them. This is why I think they increased their position on Friday. They have an issuer bid out on their own stock but have not bought much - if they only wanted to buy an undervalued stock I think they could have bought their own. ----------------------- So the person who sent me this speculates a merger is in the making I tend to agree with that. What the merger will mean I have not figured yet. But Friday another big block did trade on the TSE..and volume was up on the AMAX..it also looks to me that to pull this off or set it up MAR payed a premium to the stock price for that first 5million and has been doing an accumulation when ever they can get it at a low price which now seems to be firming up at 1-3/8. ----------------------------- But this could go lower in the short term.. this is supposition on my part..and I don't imply it's happening or will happen or even suggust it might, it's like I have no way of knowing..just the same based on experance un related to this company in any way I was in MOOV ( a video company prior to it's merger ) they way they did that ( to be sure they had the votes) was the other company bought shares but also then appeared to short MOOV to drive the price down..this sort of short looks like your shooting yourself in the foot..but it's there to shake out enough share holders ( and buy thoes shares ) to cinch the vote While this hurts your own holdings that you bought at a higher price..and were you may have to cover even above the price you shorted hence really costing you a premium your plan to get the shares needed may well include a budget that lets you paying as much as the first shares cost, because after the merger or at merger time you re-cover that premium by paying yourself back as you now get two more shares of MAR for each share of Day you bought..this in effect puts you and your partners more in control of things..and a much larger company. Moov was drove down to 1-1/32 prior to the merger in which VUPDA was to give .75 share for each MOOV.. VUPDA being a much larger company..it took time they got the votes and the merger took place..while all this shake out was going on VUPDA droped to 1-11/16...after the merger VUPDA shot back to 3-1/2 which made each MOOV share you had converted worth 2 -5/8 over double what they had drove her down to..at this time if you elected to stay in VUPDA it's back down to 2-7/8..while I still think that's a cheap price for her I'm to much of a trader to wait on the Video sector to come back in favor..( that sector is more out of favor than gold ever was thanks to blockbuster huge losses, scaring every one out of it ) ------------------------- Well I don't know if any part of that could apply in this deal or even if there is a deal in the making..it sure ought to give one something to mull over. Trader that I am I won't likely hang around to see if DAY makes it big..but at this point they won't get my shares below 1-5/8 if that cheap.. and I have stack stagered buy orders GTC from 1-5/16 down to 1-1/8..if she moves up from here with each tick up I'll up my bids till I get to 1-1/2 ..any way that's my plan at this time...there is one thing that will change that plan and that is if gold goes up like I expect it to.. ----------------------- Last I noticed that Friday ALL of the gold funds I track went down some, also NEM , PDG, ECO were also down I didn't look at others , but with the funds down I'm sure the sector was..however DAY bucked that and was up 1/8 so I think that also indicates accumulation. --------------------------- Jim PS. The merger is pure speculation but MAR buying up shares is not.. I suggest that any one tracking Day also look MAR over.. and their balance sheet..which is at this time is free of debt..and seems to have a sizable cash balance..along with a mixed bag of assets.