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Gold/Mining/Energy : Magellan Aerospace Corp (MAL) New Listing -- Ignore unavailable to you. Want to Upgrade?

To: Anthony Wong who wrote (404)	6/8/1998 8:01:00 AM
From: Ian A.	Respond to of 633

The growth continues: Attention Business Editors: MAGELLAN AEROSPACE CORPORATION TORONTO, June 8 /CNW/ - Magellan Aerospace Corporation (''Magellan'') today announces that it has acquired Ambel Precision Manufacturing Corporation (''Ambel'') of Bethel Connecticut. Ambel is a precision machining company that has been supplying high quality jet engine components for both military and commercial aircraft since 1969. Ambel is currently undergoing an expansion of its facilities to accommodate the growth being experienced in the aerospace industry. Current management will remain with Ambel following the acquisition and will work closely with the management of Magellan in the expansion program. The acquisition of Ambel creates an expanded business base for Magellan within the jet engine component business. The combined operational synergies of Ambel with Magellan's Middleton Aerospace division provide both facilities with the ability to further add to their revenues. At present Ambel is generating revenue of approximately $20 million, but that level is expected to significantly increase with completion of the plant expansion. The purchase was funded out of existing working capital resources and with new long-term financing. Magellan Aerospace Corporation, whose shares (MAL) are traded on the The Toronto Stock Exchange, manufacturers, repairs and overhauls products for the international aerospace industry through twelve subsidiaries and divisions: Bristol Aerospace Limited of Winnipeg and Rockwood, Manitoba and Medicine Hat, Alberta; Chicopee Manufacturing Limited of Kitchener, Ontario; Fleet Industries Ltd. of Fort Erie, Ontario; Orenda Aerospace Corporation of Mississauga, Ontario; Orenda Recip Inc. of Truro, Nova Scotia; A-R Technologies of Richmond, British Columbia; Aeronca, Inc. of Middletown, Ohio; Middleton Aerospace Corporation of Middleton, Massachusetts; Langley Division of San Diego, California; and Ambel Precision Manufacturing Corporation of Bethel, Connecticut.

To: Anthony Wong who wrote (404)	6/8/1998 9:33:00 AM
From: Dennis Lefebvre	Read Replies (1) \| Respond to of 633

Thanks Ian A for posting the good news today. Anthony, The following is a one month trading of MAL. Note that DS is and has always been a follower of MAL. Also note that Nesbitt has been the 6th biggest buyer of MAL. So the information you have posted is not accurate. I have checked back and found that when the stock falls DS and Nesbitt are the biggest sellers but when it goes up they are the biggest buyers. Hope this will help. House Positions for MAL from 05/09/98 to 06/08/98 Ex House Bought Av/Sh Sold Av/Sh Net $Net T 002 DS 507579 10.19 129579 10.31 378000 -3836769 T 063 Levesque Beaubien 28020 10.19 5500 10.29 22520 -228803 T 045 Loewen 25000 10.15 10000 9.94 15000 -154355 T 075 Tasse 12625 10.50 0 0.00 12625 -132562 T 088 Versus 32500 10.22 22900 10.15 9600 -99946 T 009 Nesbitt 129660 10.09 125465 10.20 4195 -28631 T 089 Goepel Shields 10000 10.20 7500 9.90 2500 -27775 T 034 Maison Placements 2750 10.80 450 10.15 2300 -25133 T 044 Jones Gable 1000 10.25 0 0.00 1000 -10250 T 041 Standard 800 10.60 0 0.00 800 -8480 T 053 Morgan Stanley 600 10.00 0 0.00 600 -6000 T 054 Global 400 10.25 0 0.00 400 -4100 T 014 Brink 2800 10.20 2800 10.72 0 1450 T 083 Research Capital 1000 9.85 1000 10.20 0 350 T 015 Bunting 0 0.00 250 10.20 -250 2550 T 070 McDermid 0 0.00 540 9.80 -540 5292 T 076 Moss Lawson 1000 10.15 1600 10.43 -600 6545 T 037 MacDougall 800 10.33 1560 10.25 -760 7730 T 081 Gordon 500 10.40 1400 10.00 -900 8800 T 069 Taurus 0 0.00 1000 10.68 -1000 10675 T 080 First Marathon 600 10.25 2940 10.12 -2340 23603 T 086 Oliver 0 0.00 3000 10.32 -3000 30950 T 090 CT Services 5750 10.41 9120 10.26 -3370 33781 T 072 First Boston 0 0.00 5400 10.22 -5400 55180 T 028 Newcrest 46200 10.12 53600 10.00 -7400 68145 T 022 Thomson Kernaghan 1500 10.17 11400 10.30 -9900 102150 T 033 Canaccord 1300 10.20 11900 10.30 -10600 109270 T 011 Yorkton 0 0.00 12700 10.16 -12700 129069 T 036 Latimer 142932 10.14 155713 10.15 -12781 130283 T 079 Gundy 91600 10.17 111199 10.14 -19599 195967 T 099 James Capel 500 10.26 20300 10.30 -19800 203870 T 019 Desjardins 2300 10.51 22820 10.35 -20520 212108 T 085 ScotiaMcLeod 19074 10.22 43145 10.38 -24071 253038 T 064 Octagon 48000 10.00 85000 10.03 -37000 372269 T 026 Commission Direct 103500 9.92 180900 9.94 -77400 770644 T 039 Midland 17835 10.23 100839 10.22 -83004 848015 T 007 Green Line 93270 10.06 189875 10.11 -96605 981061 Total 1331395 10.14 1331395 10.14 0 0