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Gold/Mining/Energy : GITENNES Exploration (ase:GIT) -- Ignore unavailable to you. Want to Upgrade?


To: Grant Stewart who wrote (967)7/3/1998 6:01:00 AM
From: Bobby Yellin  Respond to of 1092
 
of course I am guessing but think that the same people who owned KRY
probably own git and there were probably a lot of margin calls..again
as I said just guessing



To: Grant Stewart who wrote (967)7/4/1998 4:29:00 PM
From: Go long  Respond to of 1092
 
I can't find a recent release anywhere.

Can you please post it, or give URL or other source?

Thanks.



To: Grant Stewart who wrote (967)7/6/1998 10:18:00 PM
From: Pete Mimmack  Read Replies (1) | Respond to of 1092
 
Grant - Did talk to IR a week or so ago. They're still optimistic about the property and the future, in fact, they believe it should be a $10 stock. They were concerned about the last plunge until the large blocks crossed, then figured it was just someone manipulating it to do the deal. They did mention one of the blocks was probably a fund, as someone here had suggested.

Other items: $2 million cash in the bank. Finishing up assays on the final 8 drill holes, and are hoping for a resource estimate by mid to late July. They're in steady contact with several majors about the property and weighing options of JV or outright sale. Cambior has adjacent property, so that would probably produced the most synergy.

Sounds like a great buy to me. May even see a jump back to 2-3 by the end of the month, but I've been wrong before.

Pete

PS. To keep the miners happy in June, videotapes of the World Cup were being driven in "from town" every night - five hours away!