Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : War Eagle Mining...[WEM:VSE] -- Ignore unavailable to you. Want to Upgrade?

To: aristotle who wrote (128)	7/20/1998 11:03:00 PM
From: average joe	Read Replies (2) \| Respond to of 235

I agree there is a shot for WEM. What is your take on the other Sask. diamond play a hundred miles south with De Beers. There is a big lack of news here and it is hurting WEM. Conversely good news from WEM could drive this play. What do you think? over and out - aj

To: aristotle who wrote (128)	7/22/1998 1:12:00 AM
From: John Bigbootie	Read Replies (1) \| Respond to of 235

You may get some short term action out of Sask., if in fact there is anything to report, but I doubt you'll get any significant movement. You must remember WEM still carries a significant weight of shares "hanging on" from the previous promo cycle. That should prove a significant resistance to substantial share movement. Another thing to remember is that most of the principals are old hands, who would hardly squander a promotional effort on a stock play in the summer doldrums of a year old VSE bear market that has seen its index drop over 60% in value and volume. They knew when to promote, and that was in 1995 when the market was wild and the diamond plays hot, hot, hot! They may begin the cycle yet again, but the circumstances would have to be ripe (that is, if this tired old shell hasn't out lived its usefulness - like many other similarly priced VSE vehicles).