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Gold/Mining/Energy : Donner Minerals (DML.V) -- Ignore unavailable to you. Want to Upgrade?


To: 1king who wrote (6085)7/18/1998 1:14:00 AM
From: Tommy D  Read Replies (1) | Respond to of 11676
 
Can't disagree or agree with your comments on the NR as not knowledgeable. However, I assume based on your experience and comments that the results are not great. However, why would we expect anything good at this point. I think the good news (if there is any) will not show up until after the Lab AGM. It also didn't surprise me that there was no comment on the Lab property, even as to future intentions. DML has given no sign of support for existing management of Lab and may in fact support the dissenting group.

The other peculiar thing is why would Donner issue all the options to the directors prior to the news release (must have had a good idea of its contents when the options were agreed to) unless the idea is to get out the bad news, perhaps have a bit of a sell off, avoid criticism for issuing options after bad news, get past the Lab AGM and see where the control of that plays rests and go forward. Just some thoughts.

TommyD



To: 1king who wrote (6085)7/18/1998 10:48:00 AM
From: Cal Coish  Read Replies (2) | Respond to of 11676
 
1King, I ask you again, have you seen the map showing the location of the drill holes for this year? Why have Donner/Tech not drilled to the south or southeast of hole 97-96? Why have they not drilled to within 3 to 5 kilometres (except for the one hole showing 11.5 metres of sulfides about a kilometre from the corner) of the LAB property?

I did not suggest that "distance between holes is an indicator of imminent success." These are your words. I did say that 15 kilometres is quite a distance yet to be tested -- that's all.

I'm not willing to totally dismiss PEM readings either. They must be of some value in helping point drillers in the right direction.

Timing has been a critical factor in this play. Why come up with good results in a brutal market for resource stocks? Watch for better results over the next few months.

Like I said in my earlier post, keep an eye on the "politics" and machinations of this play. And beware of shorters and others who would like to keep the price down, for whatever reasons.