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Gold/Mining/Energy : Caussa Capital (formerly Antares) T.CAU -- Ignore unavailable to you. Want to Upgrade?


To: Donald F. DeKold who wrote (3382)6/5/1998 12:06:00 PM
From: john  Respond to of 4718
 
Does not matter how long it takes the lab, Dennis Gray said publicly in both Edmonton and Calgary that there would be NO releases until he understood the results.

Thus the question is, how long will it take Dennis to understand?



To: Donald F. DeKold who wrote (3382)6/5/1998 12:51:00 PM
From: Donald F. DeKold  Read Replies (2) | Respond to of 4718
 
John, if positive results issue from the analysis of new core, there is not just an obligation, but a legal requirement for Antares to let a news release. I have a feeling principals in the management do not want to see their stock price languish at current levels. If a major such as Barrick wanted to buy out Antares, buying at current prices would be like a windfall. Remember, there is supposed to be a report floating around by Barrick making a reserve estimate for the Ojolali at 12 million ounces. It could be one of these majors that has accounted for the episodic heavy buying that takes place in this stock.

If some very good cores are pulled and promptly announced, there will be fierce competition for shares making the company less vulnerable to a takeover.

That's my read on things for now.

Don



To: Donald F. DeKold who wrote (3382)6/5/1998 1:36:00 PM
From: ossie  Read Replies (1) | Respond to of 4718
 
Labs not busy these days with POG and juniors being short of exploration cash,so I'm guessing a week to ten days for some assay results to be known.

Understand cores being flown out-helicopter?

Ossie