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Gold/Mining/Energy : Darnley Bay Resources - DBL. VSE -- Ignore unavailable to you. Want to Upgrade?


To: Willithit who wrote (73)6/19/1998 8:52:00 PM
From: Grant Baker  Read Replies (1) | Respond to of 221
 
Hello, WH. Not really concerned about DBL's share price slide since I don't have anything invested yet! Although the opportunity is starting to look better and better all the time.....

Knowing a bit about how the brokerage houses play these games, I wouldn't put it past Altus to be hitting the bid (maybe even shorting the stock) to increase the number of shares they will get in the financing deal. After all, Leon has to raise $$$$, and he is probably not as worried about shareholder value (which should increase if the exploration program is successful) or the dilution effect of the new shares floated for financing right now....Existing shareholders just have to accept what is happening, and hope for the best!

I had been watching the price support that appeared to holding firm at the $0.85 level over the past few months, wondering if I should start to acquire a position.....looks like I made the right choice to wait a bit longer.

Guess that I will now have to figure out a new entry point!

Take care.

GB