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


To: bill718 who wrote (3407)6/8/1998 5:00:00 PM
From: ossie  Read Replies (1) | Respond to of 4718
 
Also,Wayne,if one particular buyer were interested in accumulating a fairly large amount of stock over a period of time,it would be smart to use GL etc.for "cover".Most people would see it just as Fixer has-a bunch of smaller investors who don't know any better buying stock.

My own read of the last few months is that there has been knowledgeable accumulation going on at .30 and slightly lower.The stock was always well bid at .28 and above during this long period.There has,however ,been a consistently plentiful supply of stock at these levels during this period,which would indicate a persistant seller(or several?).My guess would be our old friends from that infamous ASE company,and/or the Indonesian owners of the Ojalali property,both of whom would have fairly large amounts to go,would have a need for cash,and wouldn't be too fussy about price.i.e.selling at these ridiculously low levels.

Just a thought.

Ossie