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Gold/Mining/Energy : Northern Abitibi Mining (NAI-ASE) -- Ignore unavailable to you. Want to Upgrade?


To: 1king who wrote (503)7/12/1998 11:22:00 PM
From: AKR  Read Replies (3) | Respond to of 773
 
I found this in the stockhouse forum. Sounds interesting. Any thoughts??

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my technical sources have consistently told me that dml had to have located and extended the source of the massive sulphides found in 1997 as this is an elementary triangulation procedure that should have taken only a few drill holes and associated PEM data to pinpoint ( see my various posts on this point). also note that the initial progress report indicated results at depths just short of when the massive sulphides was found last fall.combine this with the fact that stock options have not been exercised and it becomes pretty obvious that the gag order has brought the stock to an oversold level and privided a potential for insider accumulation of stock.it looks like a lot of nervous investors got out and have been replaced by professional investors with a better technical grasp of this exploration play.the continued acquisition of properties by dml arouhd the svb core holdings speak volumes for what they are finding and lend credence to local gossip that the province expects the new find to allow inco to ship some ore to sudbury while replacing it in volume by other discoveries that will alow the province to get inco,s commitment for a large smelter at full utilization.MBJ says watch for a rapid escalation in this play in the next few weeks as the gag order starts to show leaks.